Stifel Nicholas is upgrading Estee Lauder (EL) to Buy and setting a $113 PT. The firm expects...

|By:, SA News Editor

Stifel Nicholas is upgrading Estee Lauder (EL) to Buy and setting a $113 PT. The firm expects Estee Lauder to continue gaining share in the "global beauty prestige category," and believes a "best-in-class brand portfolio" and emerging markets momentum will drive sales growth over the next 3-5 years.