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Tag: downgraded

Estee Lauder downgraded by Piper Jaffray

A sales assistant arranges lipsticks at an Estee Lauder store. Qilai Shen | Bloomberg | Getty Images Estee Lauder was downgraded from overweight to neutral by Piper Jaffray, who says teenagers are wearing less makeup and changing their shopping habits. Cosmetic sales are soft due to a combination of beauty categories like skincare and hair …

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Kroger is downgraded after a mulityear mistake, Jefferies says

An employee pushes grocery carts outside a Kroger Co. grocery store in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Kroger was downgraded by Jefferies to hold from buy due to what it believes was a key mistake: investing in centralized fulfillment centers instead of micro-fulfillment. Kroger should be following Walmart’s lead, Jefferies analyst …

Kroger is downgraded after a mulityear mistake, Jefferies saysRead More