Luxottica: The Investors Day next week could harbour some catalysts for the stock
BUY, Fair Value EUR44 (+14%)
Next week on October 8 & 9 Luxottica will host an Investors Day in its US Retail headquarters which are located in Mason (suburb of Cincinnati). For the first time since the acquisition of Oakley in 2007, Luxottica will go further into its strategy for North America which accounts for 58% of group’s sales, with a particular focus on US Retail. As highlighted in our Optics Sector Report in May (“US: an emerging market?”), the US optics market harbours significant growth potential despite already being the leading market for Luxottica or Essilor (~40% of sales).
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