Goldman Sachs Downgrades This Optical Retailer - Read Why - National Vision Holdings (NASDAQ:EYE)

Goldman Sachs analyst Kate McShane downgraded National Vision Holdings Inc EYE to Neutral from Buy with a price target of $57 (suggesting 12% upside), down from $59, following the Q3 results.
The analyst expects same-store-sales challenges from moderating average tickets, a lack of pricing power and margin pressure from wages and advertising spend to result in National Vision's valuation being range-bound in the near term.
McShane added that the company remains an attractive long-term growth story in an industry with favorable demographics and high barriers to entry.
The company sees FY21 adjusted EPS of $1.28 - $1.33 versus the consensus of $1.34.
Price Action: EYE closed lower by 4.37% at $50.81 on Friday.

Momentum52.46

Growth12.73

Quality21.30

Value9.46

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Goldman Sachs Downgrades This Optical Retailer - Read Why