Barclays reaffirms its 'overweight' recommendation on L'Oréal, but with an adjusted price target of 467 to 462 euros, pointing to a slowdown in mass-market make-up products in the US since last August.

"Recent comments from a major US beauty retailer have reinforced investors' concerns about the beauty category in the US", the broker points out in its note on the French cosmetics giant.

Using Nielsen and Numerator data, Barclays says it analyzes underlying trends and forecasts organic sales growth of 5.3% for L'Oréal in the first three months of the current year.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.