Essilor: Bryan Garnier still a buyer.
(CercleFinance.com) - Bryan Garnier reiterates its "buy" rating and fair value of 137 euros for the Essilor stock, in a report about the European optical and eyewear segment.
The broker sees limited short-term upside potential for Essilor, until group management brings clarifications on potential disruptions to sales at investor meetings scheduled for September.
The broker continues, “Yet, it is naturally too early to call into question guidance for revenue synergies of EUR200-300m by 2021 and we remain convinced... of the benefits of this combination.”
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker sees limited short-term upside potential for Essilor, until group management brings clarifications on potential disruptions to sales at investor meetings scheduled for September.
The broker continues, “Yet, it is naturally too early to call into question guidance for revenue synergies of EUR200-300m by 2021 and we remain convinced... of the benefits of this combination.”
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.