Keybanc Initiates Coverage On Alcon with Overweight Rating, Announces Price Target of $87
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Brett Fishbin has initiated coverage on Alcon (NYSE:ALC) with an Overweight rating and set a price target of $87. This indicates a positive outlook for Alcon's stock in the short term.
February 06, 2024 | 11:50 am
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POSITIVE IMPACT
Alcon receives an Overweight rating from Keybanc with a price target of $87, suggesting a bullish outlook.
The initiation of coverage by Keybanc with an Overweight rating and a high price target of $87 directly impacts Alcon's stock by potentially increasing investor confidence and demand for ALC shares. This bullish outlook from a reputable analyst could lead to a short-term increase in stock price as market participants react to the positive assessment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100