Luxottica Group SpA (ADR) (LUX) was Upgraded by Raymond James to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Raymond James advised their investors in a research report released on May 4, 2016.
Many Wall Street Analysts have commented on Luxottica Group SpA (ADR). Luxottica Group SpA (ADR) was Upgraded by Jefferies to ” Hold” on Feb 9, 2016.
Luxottica Group SpA (ADR) opened for trading at $56.13 and hit $56.88 on the upside on Monday, eventually ending the session at $56.68, with a gain of 3.56% or 1.95 points. The heightened volatility saw the trading volume jump to 68,242 shares. Company has a market cap of $27,235 M.
Luxottica Group S.p.A. is a holding company. The Company is engaged in the design manufacture and distribution of fashion luxury sport and performance eyewear. It operates in two industry segments: manufacturing and wholesale distribution and retail distribution. Through its manufacturing and wholesale distribution operations the Company is engaged in the design manufacturing wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses as well as of performance optics products. It operates its retail segment principally through its retail brands which include LensCrafters Sunglass Hut Pearle Vision ILORI The Optical Shop of Aspen GMO OPSM Laubman & Pank Oakley O Stores and Vaults David Clulow and its retail licensed brands Sears Optical and Target Optical. Its brands include Ray-Ban Oakley Vogue Eyewear Sferoflex Persol and Arnette and its licensed brands include Armani Bvlgari Burberry and Chanel among others.