Zacks Investment Research upgraded shares of L OREAL CO/ADR (OTCMKTS:LRLCY) from a hold rating to a buy rating in a report released on Friday, Zacks.com reports. The brokerage currently has $70.00 target price on the stock.
According to Zacks, “At L’Oréal, they have made cosmetics the focus of all their energy and know-how for nearly a century. They are fully committed to putting their expertise and research resources to work for the well-being of men and women, in all their diversity, around the world. “
LRLCY has been the subject of several other reports. Societe Generale reissued a buy rating on shares of L OREAL CO/ADR in a research note on Thursday, June 4th. Morgan Stanley downgraded L OREAL CO/ADR from an equal weight rating to an underweight rating in a research note on Tuesday, April 7th. Credit Suisse Group downgraded L OREAL CO/ADR from a neutral rating to an underperform rating in a research note on Thursday, June 4th. Berenberg Bank restated a hold rating on shares of L OREAL CO/ADR in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. upgraded L OREAL CO/ADR from a neutral rating to an overweight rating in a report on Wednesday, June 24th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $70.00.
L OREAL CO/ADR Company Profile
L'Oréal SA, through its subsidiaries, manufactures and sells cosmetic products for women and men worldwide. It operates through four divisions: Consumer Products, L'oréal Luxe, Professional Products, and Active Cosmetics. It offers shampoos, hair care products, shower gels, skin care products, cleansers, hair colors, styling products, deodorants, sun care products, make-up, perfumes, etc.
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