Deutsche Bank starts EssilorLuxottica at 'hold' on demand, tech competition risks

ReutersMay 12, 2026 9:02 AM

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Deutsche Bank initiates Franco-Italian eyewear group EssilorLuxottica ESLX.PA with "hold", citing risks from softer consumer sentiment and competition from big tech

The broker flags softer-than-expected Q1 results and sees further risks from weakening consumer sentiment, driven by the conflict in the Middle East

It also sees potential competition from technology firms such as Alphabet GOOGL.O and Apple AAPL.O, which are reportedly planning to launch AI glasses soon

"We believe the stock is unlikely to outperform until there is more clarity on these macroeconomic and competitive overhangs," it says

Of 25 analysts covering the group, 22 rate the stock "strong buy" or "buy," two rate it "hold" and one rates it "sell" - LSEG data

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