L'Oreal (OTCMKTS:LRLCY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.
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 analysts have also recently commented on the stock. JPMorgan Chase & Co. reiterated a “buy” rating on shares of L'Oreal in a research note on Monday, December 18th. Goldman Sachs Group upgraded shares of L'Oreal from a “neutral” rating to a “buy” rating in a research note on Monday, December 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.00.
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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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