ESSILORLUXOTTICA : RBC downgrades its opinion
While it considers the Franco-Italian optics group's share price to have been a relative winner in 2022 (-11%, broadly in line with the MSCI Europe), the broker warns that factors favorable to the dossier could reverse in 2023.
Sun's comparatives become more difficult, low exposure to China could be a drawback given the validity of the reopening theme, optical demand in North America should moderate and the dollar weaken', it supports.
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