L‘Oreal is reaping the benefits of better consumer spending in Southern Europe as sales in peripheral countries rise for the first time in six years.
** Stock hits 6 week high, CEO sees sales growth returning next quarter.
** Analyst recommendations skewed in favour of buys but earnings estimates revised lower. link.reuters.com/xam58v
** Market share loss in the U.S. a concern & stock rates poorly on StarMine’s Value-Momentum model with 97% of its regional peers ranking higher.
** Stock was 10th most-heavily borrowed stock among the top 35 French stocks heading into the numbers, according to Markit.
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