Zacks Investment Research downgraded shares of L'Oreal SA (NASDAQ:LRLCY) from a buy rating to a hold rating in a report released on Wednesday.
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. “
A number of other research analysts have also recently commented on the stock. Jefferies Group LLC began coverage on shares of L'Oreal SA in a report on Tuesday, July 25th. They issued a hold rating on the stock. Stifel Nicolaus cut shares of L'Oreal SA from a buy rating to a hold rating in a report on Thursday, July 20th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $104.00.
L'Oreal SA (LRLCY) opened at $44.73 on Wednesday.
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L'Oreal SA 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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