** Shares of cosmetics giant Estee Lauder up 3.8% at $150.58
** Bank of America upgrades stock to "buy" from "neutral" and raises target price to $170 from $160
** New PT represents a 17.2% upside to the stock's price of $145.04 as of last close
** BoFA says EL is adapting to a slow down in travel on the back of weak demand in China by introducing fresh products, building a shorter supply chain and broadening distribution
** In 2023, EL fell 41%
(Reporting by Juveria Tabassum in Bengaluru)
((Juveria.Tabassum@thomsonreuters.com;))
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