L'Oreal (LRLCY) Lifted to Buy at Zacks Investment Research
L'Oreal (OTCMKTS:LRLCY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage currently has a $50.00 price objective on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 11.78% from the company’s previous close.
According to Zacks, “At L’Oréal, they have made cosmetics the focus of all their energy and know-how for nearly a century. They are fully committed to putting their expertise and research resources to work for the well-being of men and women, in all their diversity, around the world. “
Several other equities research analysts have also issued reports on LRLCY. Goldman Sachs Group raised L'Oreal from a “neutral” rating to a “buy” rating in a research note on Monday, December 11th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of L'Oreal in a research note on Monday, December 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $50.00.
Shares of L'Oreal (LRLCY) opened at $44.73 on Tuesday. L'Oreal has a 52 week low of $36.03 and a 52 week high of $46.78.
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L'Oreal Company Profile
L’Oreal SA is a France-based holding company. The Company, through its subsidiaries, develops the business activities of the L’Oreal Group (Group) in the country or region in which they are located. The Company’s non-core activities include insurance, reinsurance and banking. The Company’s Cosmetics Division is organized into four divisions: Professional Products, Consumer Products, L’Oreal Luxe and Active Cosmetics.
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