Oppenheimer analysts lower their rating on New York-based Estee Lauder, Monday, commenting “the company is facing some macroeconomic headwinds." Analysts downgraded the company’s rating from "perform" to "underperform," citing the strengthening of the U.S. dollar as a weighing factor. Estee Lauder’s popular for brands such as Tommy Hilfiger, Donna Karan and Sean John.
Based on Friday, July 23 closing stock price of $62.67, Estee Lauder’s shares have a 0.88 percent dividend yield.
“If the shares can firm up, we see overhead resistance around the $65-$67 price levels," according to Forbes.com."We would remain on the sidelines for now. Estee Lauder is not recommended at this time, holding a Dividend.com DARS Rating of 3.4 out of 5 stars."