Estee Lauder’s restructuring efforts will help the beauty giant meet or even exceed its new guidance, which remains conservative, JPMorgan analysts say in a research note. There is evidence that demand trends have worsened sequentially in Mainland China, but consumption has been outpacing shipments as retailers take their inventories down, analysts add. JPMorgan raises its target price to $167 from $150 previously to reflect the new guidance, innovation prospects, details on the most recent trends across regions, and raised profit recovery plan. Shares drop 2.4% to $146.76.