08:02 AM EDT, 10/23/2026 (MT Newswires) -- BofA Global Research raised its price objective and earnings projections for L'Oréal (OR.PA) after the French cosmetics and personal care products company delivered better-than-expected performance in the third quarter amid "tougher" comparisons. "3Q26 adjusted LFL of +7.7% was well ahead of the 6% bar, and 140bps faster than 2Q despite a tougher comp (+5.5% in 3Q25 vs +3.2% in 1H25). As we highlighted in Express your worth, 3Q was the catalyst we've been looking for: the stock should re-rate on increased visibility over a new, higher growth algo (sustainable return to +6% LFL), and double-digit EPS growth after 2.5 years of flat earnings. L'Oreal has a best-in-class track record of delivering 20-40bps of EBIT margin expansion, which just became more exciting given its +11.9% reported revenue growth should fully flow through to the bottom line," the research firm said Friday. As such, analysts lifted their three-year revenue and EBIT estimates by 1% to 2% and 1% to 3%, respectively, while EPS forecasts also rose by 1% to 3%. The upgrades were supported by stronger like-for-like sales, "more favorable" currency and additional mergers and acquisitions. BofA also raised its price objective to 460 euros from 440 euros, while maintaining a buy rating on the stock. The research firm noted that the beauty industry is its "preferred" consumer exposure and named L'Oréal as its "top pick."

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.