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EssilorLuxottica: Oddo raises target price

( - Oddo BHF reiterates its "outperform" rating on EssilorLuxottica shares and has raised its target price for them from 179 euros to 186 euros, believing that the Franco-Italian optical group's outlook remains favourable in the near term.

While it recognises that the stock has already performed remarkably well over 2021, the broker points out that its Q4 has started well and believes that the start of 2022 could benefit from favourable comparables.

In addition, the group will now be able to embark on the integration of GrandVision, it adds, specifying that its assumptions concerning GV are not overly optimistic and could be raised.

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