** Deutsche Bank initiates Franco-Italian eyewear group EssilorLuxottica ESLX.PA with "hold", citing risks from softer consumer sentiment and competition from big tech

** The broker flags softer-than-expected Q1 results and sees further risks from weakening consumer sentiment, driven by the conflict in the Middle East

** It also sees potential competition from technology firms such as Alphabet GOOGL.O and Apple AAPL.O, which are reportedly planning to launch AI glasses soon

** "We believe the stock is unlikely to outperform until there is more clarity on these macroeconomic and competitive overhangs," it says

** Of 25 analysts covering the group, 22 rate the stock "strong buy" or "buy," ​two rate it "hold" and one rates it "sell" - LSEG data