Estée Lauder Stock Pops as Bank of America Reinstates Coverage With 'Buy' Rating

In This Article: Shares of Estée Lauder Cos. (EL) surged Thursday after Bank of America reinstated coverage of the stock with a "buy" rating and a bullish price target, citing optimism about the cosmetics giant's recovery efforts. BofA Securities analysts gave the stock a price objective of $110,…