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Stock Market & Financial Investment News

News Breaks
April 15, 2014
05:20 EDTELEstee Lauder upgraded to Conviction Buy from Buy at Goldman
Goldman Sachs upgraded Estee Lauder to Conviction Buy from Buy citing valuation and overstated investor concerns. The firm keeps an $83 price target for shares.
News For EL From The Last 14 Days
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October 15, 2014
08:04 EDTELEstee Lauder acquires Le Labo
Estée Lauder announced that it has signed a definitive agreement to acquire Le Labo. Terms of the deal were not disclosed. The acquisition is expected to close in November. Le Labo will be overseen by John Demsey, The Estée Lauder Companies’ Group President, responsible for Estée Lauder, M·A·C, Tom Ford, Prescriptives, Bobbi Brown, Jo Malone, La Mer, Bumble and bumble, Smashbox and Aramis & Designer Fragrances.

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