NEW YORK (TheStreet) -- Shares of Luxottica Group (LUX) are down -0.56% to $51.50 in pre-market trade after it was reported that the major eye wear maker said it will discuss the possible departure of CEO Andrea Guerra at its next board meeting, as the likelihood of the executive leaving his post grows, the Wall Street Journal reports.
Mr. Guerra, who has more than doubled profits and revenue in almost 10 years, and helped bring the company to a global scale, has had disagreements with founder, chairman and largest shareholder Leonardo Del Vecchio over the company's management, the Journal added.
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TheStreet Ratings team rates LUXOTTICA GROUP SPA as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate LUXOTTICA GROUP SPA (LUX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: