UBS has changed its rating for EssilorLuxottica from "Buy" to "Neutral," while also raising the target price for the company's shares from 232 euros to 248 euros.
Analyst Susy Tibaldi believes that the company may experience a temporary slowdown, despite a positive outlook for the eyewear group.
The revised forecasts are in line with market consensus, and the shares are currently trading close to their all-time high. UBS's decision to adjust the rating reflects their cautious stance given the stock's strong performance.