10 Best US Stocks to Invest In for Long Term

7. The Estée Lauder Companies Inc. (NYSE:EL)

Number of Hedge Fund Holders: 50

On April 17, JPMorgan lowered its price recommendation on The Estée Lauder Companies Inc. (NYSE:EL) to $98 from $121. However, it maintained an Overweight rating on the shares. The firm also removed the company from its Analyst Focus List ahead of the earnings report. The analyst said that a rising number of announced and potential deals is reducing visibility for Estee. At the same time, the firm believes the stock’s current valuation presents an attractive entry point.

On April 14, Barclays analyst Lauren Lieberman lowered the firm’s price objective on EL to $72 from $94 and maintained an Equal Weight rating. The update came as part of a Q1 preview for the consumer staples group. Barclays said it has “growing caution” on the group heading into the prints due to higher input costs. In food, the analyst pointed to “building concerns” around how sustainable dividends are for certain companies.

The Estée Lauder Companies Inc. (NYSE:EL) manufactures, markets, and sells skin care, makeup, fragrance, and hair care products. Its offerings span multiple categories, including skin care, makeup, fragrance, hair care, and others. The company sells its products in about 150 countries and territories under a range of brand names.