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Shares of Estee Lauder (EL) slip 1% premarket after CLSA downgrades the company to Underperform...

Shares of Estee Lauder (EL) slip 1% premarket after CLSA downgrades the company to Underperform from Outperform. Earlier this year, the investment firm had Estee Lauder slotted at a Buy rating, but increased competition in emerging markets has cooled the outlook on the cosmetics manufacturer.
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