There is no ‘silver bullet’ to drive a faster rebound in China, but the restoration of Estee Lauder’s sales growth should be supported by more substantial innovation across its biggest and newest brands, Raymond James analysts say in a research note. Near-term visibility around the beauty retailer remains challenging, but it should be better positioned for growth once its profit recovery bears fruit. “While shares may be volatile in the near-term, we maintain our strong buy rating,” analysts say, noting that they believe Estee Lauder’s long-term earnings should be stronger when margins are repaired and top-line growth is closer to $6. Shares rise 0.2% to $128 in after-hours trading.