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Fly News Breaks for August 21, 2015
LUX
Aug 21, 2015 | 05:27 EDT
Goldman Sachs analyst William Hutchings downgraded Luxottica to Sell citing the outperformance of shares and his belief the company's growth will be moderated by slowing store roll out and lower store productivity. Luxottica does not have enough control of its distribution, the analyst writes in a note to investors. His price target implies 7% downside.
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