1023 GMT - EssilorLuxottica is set to become the fastest-growing large-cap within Europe, UBS analysts say in a research note. This should be driven primarily by its successful innovation in the smart eyewear category, where the Franco-Italian company has a unique supply chain and extensive brand portfolio, the analysts say. This positions the group to capture greater share in this market, which could reach 110 billion euros by 2040. EssilorLuxottica could have around 30% market share of the category in 2040, corresponding to revenue of about 31 billion euros. The company still trades at a discount to Europe's largest stocks despite its strong competitive position and improving growth outlook, they say. UBS upgrades the rating on the stock to buy from neutral. Shares are up 0.5%. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

November 27, 2025 05:23 ET (10:23 GMT)

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