0643 GMT - EssilorLuxottica faces challenges including effects from the war in Iran and growing competition, analysts at Deutsche Bank say. The Franco-Italian eyewear group reported softer-than-expected results for the first quarter and could see further risks from weakening consumer sentiment, driven by the conflict in the Middle East, the analysts write in a research note. "Arguably more important for the investment case is the emerging competitive threat from companies like Alphabet and Apple," they say, adding that these groups are reportedly planning to launch smart glasses soon. "This could challenge EssilorLuxottica's leading position in the category, which it has built in partnership with Meta," the bank says. Deutsche initiates coverage of the stock with a hold rating. Shares closed at 167 euros on Monday. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
May 12, 2026 02:43 ET (06:43 GMT)
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