In a report released yesterday, Cedric Lecasble from Stifel Nicolaus maintained a Hold rating on EssilorLuxottica SA (0OMK – Research Report), with a price target of €250.00.
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Cedric Lecasble has given his Hold rating due to a combination of factors influencing EssilorLuxottica SA’s performance. The company’s first-quarter sales growth was slightly below market expectations, which, while solid, reflects the challenging consumer environment. This indicates a stable yet cautious outlook for the company’s sales trajectory.
Another significant factor is the uncertainty surrounding tariffs, particularly those affecting frames manufactured in China and imported to the US, which could impact the company’s financial performance. Additionally, fluctuations in currency exchange rates, especially between USD and EUR, present a risk to earnings. Despite these challenges, the company’s strategic initiatives, such as the MedTech turn and myopia management, offer potential long-term growth opportunities, justifying the Hold rating as the company navigates these uncertainties.
According to TipRanks, Lecasble is an analyst with an average return of -16.1% and a 21.21% success rate.
In another report released today, Bernstein also maintained a Hold rating on the stock with a €245.00 price target.