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Stock Market & Financial Investment News

News Breaks
July 8, 2014
07:29 EDTELEstee Lauder should be bought on any material weakness, says Wells Fargo
Wells Fargo believes that the FY15 consensus EPS estimate for Estee Lauder is too high, but the firm blames a timing issue for that situation. The firm thinks that the FY16 consensus EPS estimate for the company is "reasonable," and keeps an Outperform rating on the 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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