EssilorLuxottica Stock Rebounds 2.5% Despite RBC's Lowered Price Target

A 2.3% Rebound That Places EssilorLuxottica at the Top of the CAC 40

EssilorLuxottica closes at €144.50, up 2.3% from the previous day (€141.25), ranking third among the best performers of the CAC 40 at market close. This is a welcome rebound for a stock that is still down 11.46% over one month and 47.2% over one year, two timeframes that measure the extent of the decline accumulated since its peaks. The CAC 40 closes with a slight gain of 0.2%, and the VIX retreats to 14.27, reflecting a serene market environment — a context that may have favored a return to neglected securities.

For the first half of 2026, released on July 28, the group had presented an adjusted operating result with a margin of 15.5% and a free cash flow of €1.07 billion, up €100 million. Management had then displayed marked confidence in its growth trajectory, even though currency effects had eroded the published margin — at 18.6% versus 18.9% when neutralizing exchange rate impacts.

RBC Capital Maintains Positive View but Lowers Price Target to €190 Following Share Decline

On Tuesday, RBC Capital maintained its "outperform" rating on EssilorLuxottica while lowering its price target from €230 to €190. At the closing price of €144.50, this revised target still represents an upside potential of nearly 32%. The downward revision nonetheless reflects an adjustment of expectations, in a context where the stock has lost nearly half its value in one year.

From a technical chart perspective, the stock remains below all its moving averages: the 20-day MA at €151.28, the 50-day MA at €160.32, and the 200-day MA at €202.05 are all above the current price, forming a triple technical resistance level. The RSI at 30 is flirting with the oversold zone, signaling selling exhaustion that had already been observed during the rebound of September 21. The €139 support level remains the key level to watch, after already being approached at the recent low of €138.85.