Bernstein analyst Luca Solca downgraded EssilorLuxottica to Market Perform from Outperform with a price target of EUR 185, up from EUR 180. The share price has rebounded in recent weeks, and the analyst maintains a cautious stance due the company’s strategic uncertainties and "wide range of potential long-term outcomes." It now sees a more balanced risk/reward profile.
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Published first on TheFly
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