Estee Lauder shares jumped after Bank of America Securities analysts upgraded the stock and raised their price target for it, saying they see “meaningful growth” ahead for the beauty products maker.
NEW YORK Estée Lauder is cutting 3% to 5% of its global workforce as part of a restructuring program that aims to increase profits and become more nimble in a challenging international environment.
NEW YORK Estée Lauder is cutting 3% to 5% of its global workforce as part of a restructuring program that aims to increase profits and become more nimble in a challenging international environment.
(Bloomberg) Estée Lauder Cos.’ profit outlook for the fiscal year was below estimates, a sign the beauty company sees continued struggles in its crucial travel retail business in Asia. Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateChina’s Hidden Financial Dangers Erupt With Shadow Bank CrisisUS Stocks Erase Losses as Blue Chips Edge Higher: Markets WrapGoldman Plans Hiring Spree to Fix Lapse