Estée Lauder Companies (NYSE:EL) Rating Reiterated by DA Davidson

Estée Lauder Companies (EL) is a multinational cosmetics and fragrance company headquartered in New York City, United States. The company operates through three segments: Consumer Beauty Products, Travel Retail, and Fragrance & Beauty.

On August 12, 2021, DA Davidson, a financial services firm, reiterated its "Buy" rating on Estée Lauder Companies' common stock with a price target of $350 per share. The company's current market capitalization is approximately $46 billion.

Estée Lauder Companies has been in business for over 100 years and is known for its iconic brands such as Estée Lauder, Clinique, MAC Cosmetics, Avedon, Jo Malone, Michael Kors, and Tommy Hilfiger. The company's products are sold through various channels, including retail stores, online platforms, and travel retail locations.

In recent years, Estée Lauder Companies has been focused on expanding its presence in emerging markets, particularly in Asia Pacific. The company has also been investing in digital marketing and e-commerce initiatives to enhance its customer experience and drive growth.

Overall, DA Davidson's reiteration of its "Buy" rating on Estée Lauder Companies suggests that the firm believes the company is well-positioned for continued growth and success in the cosmetics and fragrance industry.