Alcon Analysts Increase Their Forecasts Following Q1 Results
Portfolio Pulse from Avi Kapoor
Alcon Inc. (NYSE:ALC) reported mixed Q1 results, beating earnings estimates but missing sales expectations. The company maintained its FY2024 guidance. Following the results, several analysts raised their price targets for Alcon. The stock gained 10.7% to close at $89.28.
May 15, 2024 | 12:13 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Alcon Inc. reported mixed Q1 results, with earnings beating estimates but sales slightly missing expectations. The company maintained its FY2024 guidance. Analysts raised their price targets, and the stock gained 10.7%.
Alcon's Q1 earnings beat expectations, which is a positive indicator for the stock. Although sales missed slightly, the company's maintained FY2024 guidance and the subsequent analyst price target increases suggest confidence in future performance. The stock's 10.7% gain reflects positive market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100