Barclays Raises Price Target for EssilorLuxottica

Barclays has increased its price target for EssilorLuxottica to 265 euros from 260 euros, while maintaining an 'Overweight' rating after the company's third-quarter earnings report. The bank highlighted the strengthening earnings momentum of the eyewear group and noted that EssilorLuxottica is experiencing double-digit growth in its smart eyewear segment.