US stocks movement: Estée Lauder rises 2% after abandoning sale of subsidiary brands, with institutions turning optimistic

格隆汇2026/07/15 08:59

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Glonghui, July 15 — Estée Lauder rose nearly 2% to $82.21. News of Estée Lauder Group selling Too Faced, Smashbox, and Dr.Jart+ has been reversed. An internal memorandum from Estée Lauder Group shows the company has decided to retain these three major brands and implement a series of operational adjustments. In addition, a research report from Citi stated that Estée Lauder is currently in a favorable market environment, has added it to its watch list, and expects the share price to rise within the next 90 days. This assessment is based on sustained growth momentum in product categories in Mainland China, as well as positive trends in revenue and market share in the US market. Citi maintains a "Buy" rating on Estée Lauder, with a target price of $110.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Renowned financial journalist Mark Gurman stated that Apple’s first foldable iPhone has the potential to elevate the still-experimental foldable phone category to an industry standard. He noted that this device, called the iPhone Duo, is one of Apple’s most influential products, ranking just behind the iMac, iPod, iPad, and Apple Watch.

智通财经•2026/09/13 23:31