Morgan Stanley Upgrades Bausch & Lomb to Overweight, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Patrick Wood upgraded Bausch & Lomb (NYSE:BLCO) from Equal-Weight to Overweight and increased the price target from $16 to $18.

May 06, 2024 | 9:51 am
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POSITIVE IMPACT
Morgan Stanley upgraded Bausch & Lomb to Overweight from Equal-Weight and raised the price target to $18 from $16.
Upgrades by major financial institutions like Morgan Stanley typically lead to positive short-term price movements for the stock. The increase in the price target reflects a stronger confidence in the company's future performance, likely influencing investor sentiment positively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100