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UBS has reduced its target price for EssilorLuxottica from 272 to 256 euros while maintaining a "Neutral" rating. Analyst Susy Tibaldi noted a mixed performance in the first quarter, with a strong business trend in April but concerns over weakening in North America, customs risks, and currency burdens leading to lowered forecasts.
UBS has reduced its target price for EssilorLuxottica from 272 to 256 euros while maintaining a "Neutral" rating. Analyst Susy Tibaldi noted a mixed first quarter performance, with a robust business trend in April, but highlighted concerns over weakening in North America, customs risks, and currency burdens.
UBS has maintained a "Neutral" rating for EssilorLuxottica, setting a target price of 272 euros. The eyewear manufacturer's first-quarter sales fell short of expectations, primarily due to underperformance in the North American market, which is likely to lead to negative market reactions.
EssilorLuxottica, formed in 2018, is a global leader in the design, manufacture, and distribution of ophthalmic lenses, optical frames, and sunglasses. The company combines the expertise of two industry pioneers, offering renowned brands like Ray-Ban, Oakley, Varilux®, and Transitions®, along with a robust international distribution network through Sunglass Hut and Lenscrafters.
EssilorLuxottica, formed in 2018, is a global leader in the design, manufacture, and distribution of ophthalmic lenses, optical frames, and sunglasses. The company combines the expertise of two industry pioneers, offering renowned brands like Ray-Ban, Oakley, Varilux®, and Transitions®, along with a strong international distribution network through Sunglass Hut and Lenscrafters.
UBS has maintained a Neutral rating on EssilorLuxottica, keeping the target price at €266 after the 2024 results announcement. The company aims for annual sales growth of about 5% until 2026, projecting sales of €27-28 billion and adjusted operating income of 19-20% of sales, though achieving margin targets may be challenging.
UBS has maintained a "Neutral" rating for EssilorLuxottica, setting a target price of 266 euros following the release of quarterly figures. Analyst Susy Tibaldi noted that the luxury goods group's sales met forecasts and slightly exceeded market expectations.
EssilorLuxottica, formed in 2018, is a global leader in the design, manufacture, and distribution of ophthalmic lenses, optical frames, and sunglasses. The company combines advanced lens technology with iconic eyewear craftsmanship, featuring renowned brands like Ray-Ban, Oakley, Varilux®, and Transitions®. Its distribution network includes Sunglass Hut and Lenscrafters, enhancing consumer experience and setting new industry standards.
UBS has raised its price target for EssilorLuxottica to EUR 266 from EUR 248 while maintaining a Neutral rating, citing strong momentum and interest in smartglasses. RBC Capital Markets upgraded the stock to Outperform with a target of EUR 290, driven by robust fundamentals and mid-term growth potential in ophthalmology. Both firms highlight the promising yet uncertain future of smartglasses, emphasizing the need for competition to enhance consumer acceptance.
UBS has increased its price target for EssilorLuxottica to EUR 266, up from the previous target of EUR 248. This adjustment reflects a positive outlook for the company in the market.
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