Lucy Nieves
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Lucy Nieves in Barbie Stocks,

Here's Why Estee Lauder Shares Deserve To Trade At A Premium

KeyBanc Capital Markets raised its price target for Estee Lauder Companies Inc EL following Wednesday's over 9 percent rally in reaction to first-quarter results.

The firm said it sees Estee Lauder as a best-in-class operator worthy of its premium multiple, with potential upside as Asian momentum continues. Estee Lauder's trend in the Americas can stabilize sooner than later, analyst Jason Gere said in a Wednesday note. Source

Stochastics are close to the overboughtr zone. SO the upside is probably over. 

$EL, Estee Lauder Companies, Inc. (The) / D