Bausch & Lomb shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $16 to $18.
Portfolio Pulse from Benzinga Newsdesk
Bausch & Lomb's stock price increased following an upgrade by Morgan Stanley from Equal-Weight to Overweight, with a raised price target from $16 to $18.
May 06, 2024 | 3:08 pm
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POSITIVE IMPACT
Bausch & Lomb's stock was upgraded by Morgan Stanley from Equal-Weight to Overweight, with the price target increased from $16 to $18.
The upgrade by Morgan Stanley is a strong positive signal to the market, indicating a bullish outlook on Bausch & Lomb's future performance. Such upgrades typically lead to increased investor confidence and can drive up the stock price in the short term. The raise in price target further supports this positive outlook, suggesting that the stock has room to grow beyond its current trading price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100