NEW YORK (TheStreet) -- Shares of Estée Lauder Cos. (EL) - Get Report are rising, higher by 0.53% to $83.32 in pre-market trading Tuesday, following an upgrade to "outperform" from "market perform" by analysts at Wells Fargo this morning.

The firm set a $90 to $92 price target range on shares of the beauty products company, citing accelerating organic growth in both the domestic and emerging markets.

Wells Fargo analysts added that the cosmetics company's working capital has improved, and sees diminishing risks.

New York City-based Estée Lauder is a manufacturer and marketer of skin care, makeup, fragrance and hair care products, with its items selling in over 150 countries under brands including Estée Lauder, Aramis, Clinique, Origins, Le Labo, M.A.C, Bobbi Brown, La Mer and Aveda.

Separately, TheStreet Ratings team rates LAUDER (ESTEE) COS INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate LAUDER (ESTEE) COS INC (EL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• Despite its growing revenue, the company underperformed as compared with the industry average of 8.0%. Since the same quarter one year prior, revenues slightly increased by 0.8%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
• The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Personal Products industry and the overall market, LAUDER (ESTEE) COS INC's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
• The gross profit margin for LAUDER (ESTEE) COS INC is currently very high, coming in at 84.44%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 14.31% is above that of the industry average.
• Net operating cash flow has increased to $866.00 million or 15.08% when compared to the same quarter last year. Despite an increase in cash flow, LAUDER (ESTEE) COS INC's cash flow growth rate is still lower than the industry average growth rate of 30.04%.
• The stock has risen over the past year as investors have generally rewarded the company for its earnings growth and other positive factors like the ones we have cited in this report. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that the other strengths this company displays justify these higher price levels.
• You can view the full analysis from the report here: EL Ratings Report