EssilorLuxottica SA logo

EL - EssilorLuxottica SA News Story

€140.12 0.2  0.2%

Last Trade - 2:05pm

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £52.72bn
Enterprise Value £55.77bn
Revenue £12.43bn
Position in Universe 18th / 850

BUZZ-EssilorLuxottica: "Fairly valued", UBS cuts to "neutral"

Wed 22nd January, 2020 1:17pm
** UBS cuts eyewear group EssilorLuxottica  ESLX.PA  to
"neutral" from "buy", saying it is fairly valued at current
levels
    ** While it says it believes the higher end of the synergies
target could be achievable, the broker would seek further
evidence of delivery or a better entry point to turn more
constructive
    ** It expects EssilorLuxottica to be a relative winner from
the structural growth of the eyewear and eyecare market,
forecasts growth of 6% medium-term, ahead of the eyewear sector
at 4%
    ** Says it sees a European Commission ruling on the
acquisition of Grandvision, full-year results on March 6 and the
appointment of group CEO as key catalysts in 2020

 ((jagoda.darlak@tr.com))
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