The Allure of Estee Lauder

S&P likes the cosmetics giant's favorable growth prospects and its compelling valuationand rates the shares a strong buy

One of the world's largest manufacturers and marketers of skin-care, makeup, and fragrance products, the Estée Lauder Companies (EL: $42) is well positioned, in our view, to benefit from ongoing global growth in consumer discretionary spending and increasing focus by both men and women on skin care and appearance.

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