EssilorLuxottica: Oddo BHF raises TP
(CercleFinance.com) - Oddo BHF confirms its 'outperform' rating on EssilorLuxottica shares, with a target price raised from E235 to E262, believing that major growth opportunities still need to be better taken into account.
The broker says that the share price's 30% rise in 2024, beyond moderate exposure to China, reflects the start of taking into account growth opportunities in connected eyewear and hearing aid glasses.
Based on company information and its updated calculations, Oddo BHF has raised these growth options, as reflected in its TP, raising it from E13 to E32 per share.
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