Berenberg Bank on The Estée Lauder Companies Inc
<p>Analysts at Berenberg Bank hosted a virtual fireside chat with Fabrizio Freda, the president and CEO of <a href='https://financialmodelingprep.com/financial-summary/EL'>The Estée Lauder Companies Inc. (NYSE:EL)</a>, who addressed topics regarding the company and the beauty sector. </p>
<p>According to the brokerage, Freda appeared as confident as ever about the company’s growth prospects in both the short and the long term and didn’t appear concerned by some competitors’ plans to step up investments in China. </p>
<p>In other markets, management was confident about the eventual recovery of the makeup category, although in the US and Europe it depends on the return of consumption occasions. In emerging markets, the penetration story for makeup continues, and this is supporting management’s confidence that category sales will return to 2019 levels in the not-too-distant future.</p>
<p>The company’s strong execution track record increases Berenberg Bank’s confidence in its ability to grow sales organically by over 7% annually, and achieve 50bp in annual operating margin improvement and double-digit EPS growth over the next five years. Berenberg Bank maintains its buy rating and $383 price target on the company.</p>

NYSE:EL