L'Oréal: Morgan Stanley still on hold

(CercleFinance.com) - Morgan Stanley confirms its "neutral" rating on the L'Oréal share, along with its target price of 235 euros, saying that the cosmetics giant's growth trajectory is "interesting," although that it has just average visibility in the near term.


The broker also cites the share's high valuation, along with uncertainties relating to the coronavirus and the impact that this will have on consumption and supply.

While it likes the group's growth trajectory, analysts are still a bit cautious towards the share.


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