Luxottica: Cofiri Brings the Rating from Buy to Add

Cofiri, the group offering high-quality financial services and products, has decided to refine the rating of the Luxottica stock from buy to add. The analysts' decision stems from the fact that the stock has halved its upside potential. Over the course of one month the stock's possibility for growth with respect to the target price of euro 14.55 indicated by the shareholders dropped from 30% to 12%.

Instead, the positive opinion on the industrial and strategic front remains unchanged. According to Cofiri analysis, the group led by Leonardo Del Vecchio will manage to garner renewed interest in the stock thanks to the finalization of new deals over the short term, i.e. the acquisition of another retail chain or a new licensing agreement.