HomeBusinessDeutsche Bank validates the Club case on holding Estee Lauder

Deutsche Bank validates the Club case on holding Estee Lauder

American multinational skincare, and beauty products brand, Estée Lauder logo seen in Hong Kong.

Budrul Chukrut | Lightrocket | Getty Images

Deutsche Bank Tuesday upgraded Club holding Estee Lauder (EL) on the back of an expected reopening of China’s economy, in line with the Club strategy of buying up the cosmetics giant’s stock as Beijing loosens harsh Covid-19 restrictions.

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