Jefferies Maintains Buy on Alcon, Lowers Price Target to $88
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Anthony Petrone has maintained a Buy rating on Alcon (NYSE:ALC) but has reduced the price target from $94 to $88.

November 20, 2023 | 3:39 pm
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Jefferies has maintained a Buy rating on Alcon but lowered the price target from $94 to $88, indicating a positive outlook with a slightly reduced growth expectation.
While the reduction in price target could suggest a more conservative view on the company's future growth or valuation, the maintenance of a Buy rating indicates that Jefferies still sees Alcon as a favorable investment. The impact on the stock price is likely to be neutral in the short term as the positive recommendation is counterbalanced by the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100