L'Oreal CEO says U.S cosmetics market still flat, Reuters says L'Oreal CEO Jean-Paul Agon explained that the US market for mass beauty consumer products was still flat, squashing hopes of an improvement in the current quarter, but he still noted the continued recovery in Europe, according to Reuters, citing comments from Agon. Reference Link
News For LRLCY From The Last 14 Days
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L'Oreal downgraded to Outperform from Strong Buy at Raymond James Raymond James downgraded L'Oreal to Outperform and removed the stock from its European Conviction List citing the CEO's cautious message on cosmetics market momentum in the second half of 2014.