Bryan, Garnier & Co publishes a new Research Report on Safilo
BUY, FV EUR15
Safilo : Coverage initiated
Worth taking another look at!
We are initiating coverage of Safilo with a Buy recommendation and a FV of EUR15 (DCF). The world no. 2 in premium/upscale eyewear is finally benefiting from better prospects now that it has cleaned up its balance sheet and this should enable it to strengthen its portfolio of licences while continuing the global roll-out of its three main brands (Carrera, Safilo and Polaroid). In our view, Safilo is ideal for playing the growth stock and recovery stock themes in the Optical sector.
Full report available to subscribers
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