RBC ups Ray-Ban maker EssilorLuxottica on promising growth in ophthalmology

Bausch + Lomb

29/01/2025 07:51

** RBC upgrades Franco-Italian eyewear maker EssilorLuxottica
 ESLX.PA  to "outperform" from "sector perform" citing strong
fundamentals and significant growth opportunities in the
ophthalmology market
   ** RBC estimates the total addressable market (TAM) for
ophthalmology to be valued at $36 billion, excluding the
pharmaceutical sector, with expected growth of 3-5% annually
    ** It says Essilor will primarily expand in subcategories
like contact lenses, surgery, and diagnostics
    ** "One percentage point of market share gained in this new
segment would offer $210m (or 0.8%) revenue uplift on our
estimates," RBC says 
    ** It notes an opportunity for Essilor is the potential
acquisition of contact lens maker Bausch + Lomb  BLCO.TO , which
is officially up for sale as of December

  
    
  

 (Reporting by Alberto Chiumento)