L'Oréal: UBS cuts target price
(CercleFinance.com) - Maintaining its 'neutral' recommendation on L'Oréal shares, UBS has cut its target price for them from E415 to E409, a new TP that implies 11% upside potential for the share, the day after its 9m trading update.
The broker explains that missing Q3 expectations, a cautious outlook and a proposed tax increase in France have led it to reduce its 2025 EPS estimate by 5%.
In the absence of any perceptible positive catalysts in the near term, UBS states that it sees only limited opportunities for the world's number one cosmetics company to increase its share price.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The broker explains that missing Q3 expectations, a cautious outlook and a proposed tax increase in France have led it to reduce its 2025 EPS estimate by 5%.
In the absence of any perceptible positive catalysts in the near term, UBS states that it sees only limited opportunities for the world's number one cosmetics company to increase its share price.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.