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Kepler Capital Sticks to Their Buy Rating for EssilorLuxottica SA (0OMK)

Tipranks - Tipranks - Sat Mar 7, 7:50PM CST

In a report released on March 5, Niccolo Guido Storer from Kepler Capital maintained a Buy rating on EssilorLuxottica SA, with a price target of €350.00. The company’s shares closed last Thursday at €215.90.

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Guido Storer covers the Consumer Cyclical sector, focusing on stocks such as Ferretti S.p.A., De’Longhi S.p.A., and Ferrari Group PLC. According to TipRanks, Guido Storer has an average return of 16.6% and a 57.45% success rate on recommended stocks.

EssilorLuxottica SA has an analyst consensus of Strong Buy, with a price target consensus of €323.75, representing a 49.95% upside. In a report released on March 3, Barclays also maintained a Buy rating on the stock with a €355.00 price target.

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Based on EssilorLuxottica SA’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €14.47 billion and a net profit of €928 million. In comparison, last year the company earned a revenue of €13.22 billion and had a net profit of €993 million

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