Morgan Stanley Maintains Equal-Weight on Bausch & Lomb, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Patrick Wood has maintained an Equal-Weight rating on Bausch & Lomb (NYSE:BLCO) but reduced the price target from $17 to $16.

December 04, 2023 | 12:33 pm
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Morgan Stanley has maintained its Equal-Weight rating on Bausch & Lomb but lowered the price target from $17 to $16.
The reduction in price target by a major analyst like Morgan Stanley can lead to a negative perception among investors, potentially causing a short-term dip in the stock price of Bausch & Lomb. However, since the rating was not downgraded, the impact might be moderate rather than severe.
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