Analysts say Estee Lauder poised for M&A activity, Bloomberg says Estee Lauder is on the cusp of its longest stretch without a purchase in at least 19 years, reported Bloomberg. The company hasn't announced any acquisitions since Smashbox Beauty Cosmetics in May 2010 and analysts are saying that the environment "is right" for M&A activity. Reference Link
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.