EssilorLuxottica: Morgan Stanley adjusts target price

(CercleFinance.com) - Morgan Stanley has reinstated its "overweight" recommendation on the EssilorLuxottica stock, having nudged up its corresponding target price from 148 euros to 150 euros, calling the Franco-Italian optical group "one of the best equity stories" in its coverage universe.


The broker concludes "multiple catalysts ahead paving the way to the achievement of >E1bn long-term synergies, not fully captured in our (conservative) E150 price target".


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