Needham Maintains Buy on Alcon, Lowers Price Target to $86
Portfolio Pulse from Benzinga Newsdesk
Needham analyst David Saxon has maintained a Buy rating on Alcon (NYSE:ALC) but has reduced the price target from $98 to $86.

November 16, 2023 | 9:24 am
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NEUTRAL IMPACT
Needham analyst reaffirms a Buy rating on Alcon but lowers the price target to $86, indicating a potential upside but with caution.
The maintenance of a Buy rating suggests continued confidence in Alcon's fundamentals, while the lowered price target reflects a more conservative valuation, possibly due to market conditions or revised earnings expectations. This could lead to a neutral short-term impact as the positive sentiment of the Buy rating is counterbalanced by the reduced price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100