EssilorLuxottica initiated with an Overweight at JPMorgan

JPMorgan initiated coverage of EssilorLuxottica with an Overweight rating and EUR 215 price target, which represents 26% upside potential. EssilorLuxottica is the "unrivalled" global player in eyecare, focused on growing awareness of vision correction needs, while leading innovation in new fields and technologies, the analyst tells investors in a research note. The firm views the current trading levels as an attractive entry point.