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Enter Symbol:
 
Luxottica Group, S.p.a. (LUX) [hlAlert]

Rating:
Overweight
LUX
down 47.56 %

Luxottica Group, S.p.a. (LUX) upgraded to Overweight by HSBC Securities

Posted on: Wednesday,  Dec 18, 2013  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight Luxottica Group, S.p.a. (NYSE: LUX) on 12/18/2013. Previously HSBC Securities rated Underweight Luxottica Group, S.p.a. (NYSE: LUX) on
09/09/2011., when the stock price was $27.05. Since then, Luxottica Group, S.p.a. has gained 90.72% as of 12/18/2013's recent price of $51.59.
If you would have followed the previous HSBC Securities's recommendation on LUX, you would have lost 47.56% of your investment in 831 days.

Luxottica Group is the world leader in the design, manufacture and marketing of high quality eyeglass frames and sunglasses in the mid and premium priced market segments. The Company's products, which are designed and produced in four facilities based in Northern Italy, include over 1,700 styles available in a wide array of colors and sizes. The eyeglass and sunglass frames manufactured by Luxottica are sold through twelve wholly-owned distributors in the United States, Canada, Italy, France, Spain, Portugal, Sweden, Germany, the United Kingdom, Brazil, Switzerland and Mexico.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/18/2013 8:25 AM Buy
None
51.59
as of 12/13/2013
1 Week down  -1.04 %
1 Month up  4.08 %
3 Months up  5.04 %
1 YTD down  -21.62 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/9/2011 8:25 AM Sell
None
27.05
6/24/2011 8:25 AM Hold
None
30.88
7/6/2009 8:25 AM Buy
None
20.91
10/17/2008 8:25 AM Hold
None
19.51

(*) Stock Price at the time of the recommendation.
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