BUZZ - Estée Lauder shares rise after the company sets long-term growth and profitability targets

November 4 - ** The share price of cosmetics manufacturer Estée Lauder (EL.N) rose 2% in pre-market trading, quoted at $107.52

** Estée Lauder (EL) announced its long-term sales growth and profit margin targets at a capital market event held in Shanghai (link)

** The company expects its adjusted operating margin to reach 16.5% to 18.5% in fiscal year 2030, compared with its guidance target of 12.9% to 13.8% for fiscal year 2027

** The company's goal is to achieve mid-single-digit organic sales growth per year and double-digit adjusted earnings per share growth by fiscal year 2030

** On Monday, the company raised its annual sales and profit forecast (link), citing strong demand for high-end perfumes and skincare products

** As of the previous trading session's close, the stock had gained about 1% year to date

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