Positive day in Piazza Affari for the Luxottica share, which in the middle of the morning gained more than two percentage points, to 38,81 euros, scoring one of the best increases in the Ftse Mib. The expectations for theInvestor Day to be held today in Cincinnati, an event focused on the US retail market.
Equity confirms the hold judgment and the target price at 38 euros. According to analysts, an update on current trading is on the way, which should confirm the underlying trends for the second quarter. “We think that the US debt negotiation, which is also starting to have a negative impact on consumer confidence – write the experts -, has not yet impacted same-store sales in the United States”.
As for medium-term prospects, Equita expects Luxottica's retail activities to be able to confirm sales growth rates of approximately 5% in 2013-2014 (+4,1% and +4%) and 2,5% in 2015-2016, with an operating margin above 15% in 2015, versus 13,3% adjusted in 2012.
