EssilorLuxottica upgraded to Outperform from Sector Perform at RBC Capital

RBC Capital upgraded EssilorLuxottica (ESLOY) to Outperform from Sector Perform with a price target of EUR 290, up from EUR 220. The firm cites the company’s “strong” fundamentals and mid-term ophthalmology opportunity for the upgrade. It sees “interesting plug-and-play optionality” with Bausch & Lomb, particularly for contact lens and cataracts.