Evercore ISI Group Downgrades Bausch & Lomb to In-Line, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Vijay Kumar downgraded Bausch & Lomb (NYSE:BLCO) from Outperform to In-Line and reduced the price target from $19 to $17.
January 04, 2024 | 5:08 pm
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NEGATIVE IMPACT
Evercore ISI Group downgraded Bausch & Lomb to In-Line and lowered the price target, which may negatively impact investor sentiment and the stock's short-term price.
Downgrades by analysts can lead to a decrease in investor confidence and a potential drop in stock price as market participants adjust their expectations. The reduction in price target further suggests a lower valuation by the analyst, which could influence short-term trading sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100