UPDATE: Credit Suisse Initiates Coverage on Estee Lauder Companies on Superior Growth, Superior Returns

In a report published Tuesday, Credit Suisse analyst Michael Steib initiated coverage on Estee Lauder Companies (NYSE: EL ) with an Outperform rating and $82.00 price target. In the report, Credit Suisse noted, “Despite somewhat slower endmarket growth, we think EL should be able to grow sales by over 6%