Brokerages see National Vision's growth clouded by headwinds, cut PTs

National Vision Holdings

11/05/2022 12:41

** Bank of America cuts PT on optical retailer  EYE.O  to
$25 from $31, marginally above co's last closing price 
    ** EYE shares hit near two-year lows on Tuesday after co
lowered forecast for FY revenue and adjusted profit  urn:newsml:reuters.com:*:nL3N2X23XG
    ** BofA says co was pressured in qrtr due to macroeconomic
headwinds and Omicron surge impacting same-store sales 
    ** Jefferies lowers PT to $40 from $65; brokerage says co's
core consumers are feeling inflationary pressures affecting
need-based purchases 
    ** Adds EYE benefited during the pandemic from spend
supported by stimulus and strong labor retention, both of which
are now unwinding 
    ** Brokerage UBS cuts PT to $40 from $60 
    ** Eight of 12 brokerages rate stock "buy" or higher, three
"hold" and one "sell"; their median PT is $40 - Refinitiv
    ** As of last close, shares down 48% YTD 

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))