BNP raises L'Oreal to 'neutral' on inflation resilience

Loreal SA

05/05/2026 07:39

** Exane BNP Paribas upgrades L'Oreal OREP.PA to "neutral" from "underperform", citing the French cosmetics company's strong ability to navigate inflation surges

** "L'Oreal has historically dealt with inflation pressures with aplomb," it says, adding that the company is relatively less impacted by structural pressures driving faltering growth

** As a consequence, "L'Oreal's elevated sector relative valuation feels a rather moot point at present", Exane adds

** It raises its PT by 18% to 414 euros ($483.6) from 350 euros

** Out of 27 analysts that cover L'Oreal, 13 rate the stock "strong buy" or "buy, "​ten rate "hold" and four​ rate the stock "strong sell" or "sell" - LSEG data

($1 = 0.8561 euros)

 (Reporting by Gianluca Lo Nostro)

 ((gianluca.lonostro@thomsonreuters.com))