Luxottica dominates the Ftse Mib scene. By mid-morning, the stock gained more than 3% to 38,57 euros. Del Vecchio's company owes its exploit to a report by Deutsche Bank, which raised the recommendation on the stock from hold to buy with a target price of 45,5 euros (from 35,5 euros).
According to the German bank, Luxottica represents one of the rare examples of companies that, for the most part, can be the arbiter of their own destiny, regardless of the economic situation, and for this reason too it has long been appreciated by the market. For Deutsche Bank, the stock could, in any case, be favored by the possible acceleration of the recovery in the USA and by the potential strengthening of the dollar.
Lastly, new acquisitions are not excluded in the coming quarters, while the renewal of some important licenses is expected. On January 10, Citigroup also brought Luxottica's target price to 45 euros (with a purchase recommendation), assuming that the group could detach an extraordinary dividend.
Luxottica's performance gives oxygen to the entire luxury sector, which at the beginning of the year is suffering a lot in Piazza Affari: today the headlines are all positive, with the exception of Ferragamo which, by mid-morning, contains its losses at -0,08 %, well above the 24 euro threshold.
