Deutsche Bank initiates coverage on EssilorLuxottica with a “hold” rating and a €183 price target.
Analyst cites softer‑than‑expected Q1 results and a >40% share de‑rating since end‑2023 as concerns.
Risks highlighted include weakening consumer sentiment from the Middle East conflict and looming AI‑glasses competition from Alphabet and Apple.
Deutsche Bank notes EssilorLuxottica’s partnership with Meta but says stock unlikely to outperform until macro and competitive overhangs clear.