{"id":96727,"date":"2025-11-27T09:25:38","date_gmt":"2025-11-27T14:25:38","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=96727"},"modified":"2025-11-27T09:25:38","modified_gmt":"2025-11-27T14:25:38","slug":"ubs-splits-on-essilorluxottica-and-prada-citing-very-different-growth-paths","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/ubs-splits-on-essilorluxottica-and-prada-citing-very-different-growth-paths\/96727\/","title":{"rendered":"UBS splits on EssilorLuxottica and Prada, citing very different growth paths"},"content":{"rendered":"<article class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&:has([data-writing-block])>*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" data-turn-id=\"b295e7eb-5656-4b72-b586-0e953d849a04\" data-testid=\"conversation-turn-22\" data-scroll-anchor=\"true\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:--spacing(4)] thread-sm:[--thread-content-margin:--spacing(6)] thread-lg:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] thread-lg:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&]:mt-1\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"613f6f44-6450-4341-8acb-da194caa075d\" data-message-model-slug=\"gpt-5-mini\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[1px]\">\n<div class=\"markdown prose dark:prose-invert w-full break-words dark markdown-new-styling\">\n<p data-start=\"186\" data-end=\"406\">UBS released contrasting ratings on 2 major European consumer companies on Wednesday. The bank upgraded EssilorLuxottica to buy and downgraded Prada to neutral, highlighting sharply different growth expectations.<\/p>\n<p data-start=\"408\" data-end=\"703\">UBS upgraded EssilorLuxottica from neutral to buy with a \u20ac355 price target, implying 22% upside from the \u20ac303.70 closing price on Nov 24. The upgrade is driven mainly by the company\u2019s smartglasses segment, which UBS believes could disrupt a \u20ac110 billion category by 2040.<\/p>\n<p data-start=\"705\" data-end=\"1049\">UBS expects the company to post 10.1% organic sales growth in 2026, positioning it among the fastest-growing names under its coverage. The brokerage forecasts \u20ac30.11 billion revenue in 2026 with an EBIT margin of 17.1%. Shares trade at 38.1x 2026 P\/E, with sales and EPS CAGR of 9% and 16% for 2025\u20132028.<\/p>\n<p data-start=\"1051\" data-end=\"1454\">A UBS Evidence Lab survey of 1,000+ US consumers showed nearly 80% intend to purchase smartglasses within 12 months. The biggest barrier was limited understanding of product functionality. Ray-Ban Meta reached 60% awareness among non-users, while no other brand crossed 10%. Existing owners were willing to pay 1.3x more than average respondents, suggesting strong pricing power.<\/p>\n<p data-start=\"1456\" data-end=\"1639\">UBS estimates EssilorLuxottica could secure 30% market share by 2040, equal to roughly \u20ac31 billion in revenue, though it assigns only 40% probability to this scenario.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>UBS released contrasting ratings on 2 major European consumer companies on Wednesday. The bank upgraded EssilorLuxottica to buy and downgraded\u2026<\/p>\n","protected":false},"author":294,"featured_media":96728,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[],"class_list":["post-96727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/96727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/294"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=96727"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/96727\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/96728"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=96727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=96727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=96727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}