Morgan Stanley Upgrades National Vision Citing 'Healthy' Optical Category Growth

by Shivani Kumaresan, Benzinga Staff Writer

October 14, 2021 8:00 AM | 1 min read | Make a Comment

Morgan Stanley analyst Simeon Gutman upgraded National Vision Holdings Inc EYE to Overweight from Equal Weight with the price target of $70 (suggesting a 24.4% upside), up from $57.
The analyst sees "healthy" optical category growth in 2022 and 2023, "amplified" by National Vision's continued share gains.
Gutman said the company is one of the best-positioned growth stories in his coverage.
Historically, National Vision has taken nine basis points of market share per year, and there is no reason to believe these share gains will slow in a post-Covid environment, Gutman notes.
Price Action: EYE shares are trading higher by 4.32% at $58.70 in premarket on the last check Thursday.