Why L’Oreal stock jumped 6% on a UBS upgrade — and what traders watch next
L'Oreal shares closed up 6.32% at 385.85 euros Friday after UBS upgraded the stock and raised its target price to 430 euros. JPMorgan added L'Oreal to its “positive catalyst watch” list. The stock remains about 5.5% below its 52-week high. Investors await L'Oreal’s annual results on Feb. 12.