UBS maintains neutral rating for EssilorLuxottica amid luxury sector challenges

UBS has given EssilorLuxottica a "Neutral" rating and a target price of 248 euros. Analyst Zuzanna Pusz mentioned that there has been a slight improvement in investor sentiment towards the luxury sector, but this is tempered by economic uncertainties and a phenomenon known as "luxury fatigue."

Among the 14 stocks rated by UBS, EssilorLuxottica is seen to have a slightly above-average upside potential compared to its price target. These insights were shared in an outlook for the upcoming quarterly reports, which highlight the mixed signals in the luxury market as companies prepare to release their financial results.

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