Estée Lauder Stock Draws Bullish Bet From Investor Stephanie Link
Money manager says the beauty giant's diverse brand portfolio still makes shares attractively valued despite a partial rebound.
Estée Lauder's stock has begun to recover after a prolonged slump, according to CNBC, and at least one prominent investor says the shares remain undervalued.
Stephanie Link, chief investment strategist at Hightower Advisors, said on CNBC that Estée Lauder's wide-ranging portfolio of beauty brands positions the company to benefit from growth across the global cosmetics and skincare market, the network reported.
Link said she continues to view the stock as attractively priced even after recent gains, according to the report, arguing that the company's brand lineup gives it multiple avenues to capture demand as the beauty industry expands.
CNBC's report did not provide specific figures on Estée Lauder's stock performance, valuation metrics, or the size of Link's position, nor did it detail the broader factors CNBC cited as contributing to the shares' recent turnaround.
Estée Lauder has faced a difficult stretch in recent years, though the extent and causes of that decline were not detailed in the CNBC report. The company owns a portfolio of well-known beauty and skincare brands sold globally.
Representatives for Estée Lauder did not immediately respond to a request for comment on the report.
Sources
- An iconic beauty stock is getting its shine back. Stephanie Link says it’s still on sale — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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