{"id":5942,"date":"2023-05-08T19:27:42","date_gmt":"2023-05-08T23:27:42","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/estee-lauder-insulated-from-potential-peltz-activist-campaign-report\/"},"modified":"2023-05-08T19:27:43","modified_gmt":"2023-05-08T23:27:43","slug":"estee-lauder-insulated-from-potential-peltz-activist-campaign-report","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=5942","title":{"rendered":"Est\u00e9e Lauder Insulated From Potential Peltz Activist Campaign: Report"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000639347\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>\n        Est\u00e9e Lauder<br \/>\n       stock gave back its early morning gains in Monday\u2019s afternoon trading session, after CNBC disputed reports that billionaire Nelson Peltz was considering mounting a shareholder campaign against the cosmetics giant.<\/p>\n<p>The New York Post reported that Peltz, the founder of investment management firm Trian Fund Management, was gearing up to launch an activist campaign that seeks to oust<br \/>\n        Est\u00e9e Lauder<br \/>\n       (ticker: EL) CEO Fabrizio Freda and push for a potential turnaround and sale of the company, citing sources close to the situation. <\/p>\n<div class=\"paywall\">\n<p>Shares rallied behind the potential of an activist campaign, gaining as much as 5% in premarket trading. Later on Monday, however, the stock lost its premarket gains after CNBC\u2019s Jim Cramer disputed the report, citing Peltz himself. Peltz has no intention of pursuing a shake-up in part because the company\u2019s share structure gives the Lauder family outsize control, Cramer said on CNBC Investing Club. <\/p>\n<p>A Trian spokeswoman said it doesn\u2019t comment on market rumors. Est\u00e9e Lauder didn\u2019t immediately respond to a request for comment.<\/p>\n<p>Earlier this year, Peltz had<br \/>\n        Walt Disney<br \/>\n       in his line of fire. Within roughly a month of Peltz\u2019s campaign becoming public, Disney announced $5.5 billion in cost reductions and plans to reinstate its dividend\u2014a resounding victory for the activist investor. <\/p>\n<p> Est\u00e9e Lauder stock was up 1% to $205.81 on Monday. The shares have shed 17% this year, nosediving following Est\u00e9e Lauder\u2019s most recent earnings report, in which the company cut guidance\u2014citing an uncertain postpandemic recovery in Asia. Following the Post\u2019s report, some analysts voiced optimism that Peltz\u2019s involvement could give the stock a boost. Others pointed out that the Lauder family\u2014which controls 84% of the voting power and four out of the 17 board sets\u2014could make it hard for an activist investor to have a substantive impact. <\/p>\n<p>\u201cIt\u2019s pretty simple: without the Lauders, nothing substantive (like a sale) is possible,\u201d wrote Wells Fargo analyst Christ Carey in a research note. Carey has an Overweight rating and $225 price target.  Est\u00e9e Lauder stock was up 1% to $205.81 on Monday.<\/p>\n<p>Est\u00e9e Lauder was a 2022 <em>Barron\u2019s<\/em> stock pick.<\/p>\n<p>Write to Sabrina Escobar at sabrina.escobar@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/estee-lauder-stock-nelson-peltz-activist-2ec78cc3?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Est\u00e9e Lauder stock gave back its early morning gains in Monday\u2019s afternoon trading session, after CNBC disputed reports that billionaire Nelson Peltz was considering mounting a shareholder campaign against the cosmetics giant. The New York Post reported that Peltz, the founder of investment management firm Trian Fund Management, was gearing up to launch an activist [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-5942","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Est\u00e9e Lauder Insulated From Potential Peltz Activist Campaign: Report | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Est\u00e9e Lauder stock gave back its early morning gains in Monday\u2019s afternoon trading session, after CNBC disputed reports that billionaire Nelson Peltz was\" \/>\n<meta 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