UBS has lowered its price target for L'Oréal to 409 euros after the company reported weaker-than-expected third-quarter sales figures.

Analyst Guillaume Delmas stated that the personal care group's comparable revenue growth was not as strong as anticipated in a report released on October 22, 2024.

The Swiss bank has maintained its "Neutral" rating on L'Oréal due to concerns about the disappointing sales performance.

This adjustment is being closely watched by investors as they assess the company's financial health and market position in the competitive personal care sector.