Concerns over China travel spending hit Estee Lauder, Coty

Oct. 04, 2018 1:35 PM ETThe Estée Lauder Companies Inc. (EL)EL, COTYBy: Clark Schultz, SA News Editor28 Comments
  • Estee Lauder (EL -4.7%) and Coty (COTY -7.6%) trade lower after Jefferies points to decelerating demand from the China travel retail for beauty products.
  • The category is being closely watched to gauge the impact of the China currency devaluation, per Bloomberg.
  • Coty traded near the bottom of its 52-week range, while Estee Lauder is above the 52-week midpoint mark.

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