By Market News Video Staff, Friday, November 19, 2:06 PM ET
UBS raised its price target on cosmetics giant Estee Lauder (NYSE:EL) today. UBS now sees shares hitting $74 per share, compared to a prior price target of $63 per share. UBS maintained its neutral rating on the stock, and increased its earnings estimates for the company.
Estee Lauder is the second-largest holding in the Rydex S&P Equal Weight Consumer Staples ETF (AMEX:RHS), at 2.96% of the portfolio. Whole Foods (WFMI) is 2.97% of the fund. It is joined by Walgreen (NYSE:WAG), Constellation Brands (NYSE:STZ) and Safeway (NYSE:SWY) in the top five holdings.
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