Essilor International SA (NASDAQ:ESLOY) Upgraded to Buy by Zacks Investment Research

Essilor International SA (NASDAQ:ESLOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday, July 3rd. The brokerage currently has a $71.00 price target on the stock. Zacks Investment Research‘s target price suggests a potential upside of 8.28% from the stock’s current price.

According to Zacks, “Essilor International researches, develops, manufactures and markets around the world a wide range of lenses to improve and protect eyesight. It creates lenses for various types of visual disorders such as myopia, hypermetropia, presbyopia and stigmatism. The group’s know-how also covers the manufacture and sale of optical instruments mainly machines used to edge finished lenses and diagnose visual disorders. The Company sells its products through various flagship brands such as Varilux, Crizal, Essilor, Definity and Xperio. Essilor International is headquartered in Charenton-le-Pont, France. “

Several other research firms also recently commented on ESLOY. Credit Suisse Group initiated coverage on shares of Essilor International SA in a research report on Friday, March 17th. They set an “outperform” rating on the stock. Barclays PLC initiated coverage on shares of Essilor International SA in a research report on Thursday, March 9th. They set an “overweight” rating on the stock.

Essilor International SA (NASDAQ:ESLOY) traded down 3.43% during mid-day trading on Monday, hitting $65.57. The stock had a trading volume of 31,684 shares. Essilor International SA has a 12-month low of $50.35 and a 12-month high of $68.43.

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Essilor International SA Company Profile

Essilor International SA, formerly Essilor International Compagnie Generale D’Optique SA, is a France-based ophthalmic optics company. The Company designs, manufactures and markets a range of lenses to improve and protect eyesight. It also develops and markets equipment for prescription laboratories and instruments, and services for eye care professionals.

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