EssilorLuxottica Shares Slip After Goldman Lowers Rating, Flags Slower AI-Glasses Growth
Shares of EssilorLuxottica fell more than 3% after Goldman Sachs downgraded the company to Neutral from Buy and cut its 12-month price target to €200. The broker reduced its long-term revenue-growth forecast for 2026-2028, cautioned that AI glasses momentum may moderate, and pointed to intensifying competition from major tech entrants and lower-pri…