Raymond James boosted the price target on The Estée Lauder Companies Inc. (NYSE: EL) from $355 to $375. Estée Lauder shares rose 0.1% to $327.75 in pre-market trading.
Telsey Advisory Group analyst Joseph Feldman maintains Dick's Sporting Goods (NYSE:DKS) with a Outperform and raises the price target from $113 to $125.
Understanding Value Stocks
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.