Stocks in Action: L'Oreal, Adidas, Deutsche Telekom, AXA, Commerzbank
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Stock 1.) L'Oreal - Luxury cosmetics manufacturer benefits from sales recovery in North Asia in Q1, RBC confirms with Outperform and a price target of €420 (upside potential: 13.5%) Significant gains are noticeable for L'Oreal on Tuesday. The French industry leader in beauty and luxury cosmetics surprised the market the night before with a better-than-expected performance in Q1. Accordingly, organic sales increased by 3.5% to €11.73 billion, exceeding consensus expectations of €11.43 billion. L'Oreal particularly excelled in North Asia,...
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