February 14, 2019 / 8:29 AM / 9 days ago

EssilorLuxottica shares down after Citigroup resumes coverage with 'sell' rating

PARIS (Reuters) - EssilorLuxottica shares fell on Thursday after Citigroup resumed its coverage of the eyewear maker with a “sell” rating.

Shares in EssilorLuxottica, formed by the merger of sector leaders Essilor and Italy’s Luxottica, were down 1.2 percent by 0807 GMT.

“Compelling top-down, challenging governance. Resume at ‘sell’,” Citigroup analysts wrote.

Reporting by Sudip Kar-Gupta; editing by Jason Neely

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