Estee Lauder downgraded to "neutral"

07.04.08 - UBS

NEW YORK, April 7 (newratings.com) - Analysts at UBS downgrade Estee Lauder Co Inc (EL) from "buy" to "neutral." The 12-month target price is set to $52.

In a research note published this morning, the analysts mention that the company?s share price has appreciated by 28% since January. Estee Lauder?s long-term prospects appear bright and there is potential upside to the company?s margins going forward, the analysts say.