Goldman Sachs picks up coverage again on Estee Lauder (EL) with a rousing Buy rating. The firm...

|By:, SA News Editor

Goldman Sachs picks up coverage again on Estee Lauder (EL) with a rousing Buy rating. The firm appears to be buying into the Estee Lauder China growth story extolled by executive chairman William Lauder on CNBC. Asked to rate China's strength on a scale of one to five, Lauder came in at a "six or seven" without blinking.