UBS has upgraded its recommendation on EssilorLuxottica from "neutral" to "buy," raising its price target from EUR291 to EUR355. This new target suggests a 17% upside potential for the shares of the Franco-Italian optical giant.

"2026 is shaping up to be a year providing further evidence that EssilorLuxottica is on track to become one of the most sustainable and attractive growth stories in Europe," the broker stated in the summary of its note.