UBS believes that a weak quarter is widely expected. The analyst confirms his Buy recommendation and his target of 232 E ahead of the 2nd quarter publication. This target implies 15% upside potential for the Franco-Italian optics giant's stock.

'The second quarter is likely to be weak, but the outlook for 2025 and beyond remains encouraging. Thus, any pullback could create a more attractive entry point, in our view' says UBS.

'Accelerating sales growth, easing margin pressures and EssilorLuxottica's defensive nature make us more positive for the second half of 2024 and beyond', explains the broker in the summary of its note.

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