UBS has lowered its price target for L'Oréal to 415 euros from 440 euros, while keeping a "Neutral" rating.
Guillaume Delmas, an analyst at UBS, expressed concerns about L'Oréal's potential weak performance in the third quarter, following disappointing sales figures from LVMH.
The adjustment in the price target reflects UBS's cautious outlook on L'Oréal's performance in the current market environment.
The report, published on October 15, 2024, highlights the challenges faced by the cosmetics sector due to broader economic pressures.