Deutsche Bank upgrades EssilorLuxottica to Buy

Deutsche Bank upgraded EssilorLuxottica's rating from 'hold' to 'buy' and raised the price target from 157 euros to 197 euros following the company's third-quarter revenue report. The bank noted strong organic growth in EssilorLuxottica's core business and management's expectation for this trend to continue into the fourth quarter. While there are concerns about the long-term outlook for the smart eyewear segment, current market expectations for that business are considered more realistic.