L’Oréal: Strong Q2 Rebound From Prior Year Trough, But 51x P/E
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Introduction
We review L’Oréal’s (OTCPK:LRLCF) H1 2021 results released last Thursday (July 29).
We downgraded our rating on L’Oréal from Buy to Neutral in May 2021, after shares reached a new all-time high. L’Oréal shares…
