Estee Lauder says Cyber Monday was biggest e-commerce sales day in history Says skincare remains top priority. Says focusing on strengthening position of skin care for the rest of the fiscal year. Says will continue to leverage ability to reignite stronger growth in this category. Expects online sales to represent a greater portion of sales in the future. Says plans to invest more in advertising in Q3. Expects makeup sales trends to continue. Comments made during the company's Q2 earnings conference call.
Estee Lauder upgraded to Overweight from Neutral at Piper Jaffray Piper Jaffray upgraded Estee Lauder to Overweight with a $100 price target citing the company's attractive return on invested capital and growth potential from acquisitions. Shares were also upgraded yesterday morning at Wells Fargo.