Wells Fargo Maintains Overweight on Alcon, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Larry Biegelsen has maintained an Overweight rating on Alcon (NYSE:ALC) and raised the price target from $94 to $105.
August 22, 2024 | 3:23 pm
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POSITIVE IMPACT
Wells Fargo has increased its price target for Alcon from $94 to $105, maintaining an Overweight rating. This suggests confidence in Alcon's future performance.
The increase in price target from $94 to $105 by Wells Fargo indicates a positive outlook on Alcon's future performance. The Overweight rating suggests that the analyst expects Alcon to outperform its peers, which could lead to a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100