Improving Chinese import data bodes well for Estee Lauder, Wells Fargo says

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An Estee Lauder pop-up store is seen inside daimaru Department Store on Nanjing Road Pedestrian street in Shanghai, China, August 6, 2021. 

Costfoto | Future Publishing | Getty Images

Wells Fargo (WFC) on Tuesday raised its price target on Club holding Estee Lauder (EL) to $225 from $215 on the back of an improvement in cosmetics- and duty-free imports to China, a crucial market for the makeup and skincare manufacturer.

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