L'Oreal SA (LRLCY) Downgraded by Zacks Investment Research to Sell
Zacks Investment Research cut shares of L'Oreal SA (OTCMKTS:LRLCY) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.
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. “
Several other analysts have also commented on LRLCY. Jefferies Group LLC began coverage on L'Oreal SA in a report on Tuesday, July 25th. They issued a hold rating for the company. Stifel Nicolaus lowered L'Oreal SA from a buy rating to a hold rating in a report on Thursday, July 20th. Finally, UBS AG reaffirmed a buy rating on shares of L'Oreal SA in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $104.00.
Shares of L'Oreal SA (LRLCY) opened at $43.56 on Wednesday. L'Oreal SA has a fifty-two week low of $33.38 and a fifty-two week high of $46.78.
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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