Essilor: Bryan Garnier a buyer, with growth and Luxottica

(CercleFinance.com) - Bryan, Garnier & Co.
(BG) is maintaining its buy rating on the Essilor International share. Indeed, the company's growth is accelerating and the merger with Luxottica is taking shape. Analysts have also confirmed that they have a target price of 130 euros for the share of the French ophthalmic optic giant.

After Essilor published its annual accounts, BG's report states that “management emphasized growth drivers (i.e. innovation, US market, online business, etc.) that will drive LFL growth acceleration in 2018, some of them having already contributed to the acceleration in Q4.”

Another factor in support of the stock is the unconditional approval given yesterday by the US competition regulator (FTC) and the European Union (the Commission) to the planned merger with the Italian eyewear group Luxottica, which was announced in early 2017.


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