Zacks Investment Research upgraded shares of L'Oreal (OTCMKTS:LRLCY) from a hold rating to a buy rating in a research note published on Tuesday. The firm currently has $50.00 target price on the stock.
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 analysts have also recently issued reports on the company. JPMorgan Chase & Co. restated a buy rating on shares of L'Oreal in a research note on Monday, December 18th. Goldman Sachs Group upgraded L'Oreal from a neutral rating to a buy rating in a research note on Monday, December 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target 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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