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

Rating:
Neutral LUX
down 48.82 %

Luxottica Group, S.p.a. (LUX) downgraded to Neutral by UBS

Posted on: Friday,  Nov 7, 2008  8:25 AM ET by UBS

UBS rated Neutral Luxottica Group, S.p.a. (NYSE: LUX) on 11/07/2008. Previously UBS rated Buy Luxottica Group, S.p.a. (NYSE: LUX) on 06/28/2007.,
when the stock price was $38.59. Since then, Luxottica Group, S.p.a. has lost 48.82% as of 11/07/2008's recent price of $19.75.
If you would have followed the previous UBS's recommendation on LUX, you would have lost 48.82% of your investment in 498 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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/7/2008 8:25 AM Hold
None
19.75
as of 12/24/2008
1 Week up  9.03 %
1 Month up  33.93 %
3 Months up  32.04 %
1 YTD down  -31.73 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/28/2007 11:25 AM Buy
None
38.59

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