Streetbeat News

CZMWY

Carl Zeiss Meditec A G

https://www.zeiss.de/meditec-ag/

CEO

Ludwin Monz

Industry

Surgical and Medical Instrument Manufacturing

Open

62.02

Mkt cap

5.6B

Volume

High

62.33

P/E Ratio

25.39

52-wk high

134.60

Low

62.02

Div yield

0.02

52-wk low

60.87

Bernstein analyst Susannah Ludwig has initiated coverage on ophthalmology companies, recommending Alcon AG (NYSE:ALC) with an Outperform rating and a price target of $94.03, while giving Carl Zeiss Meditec AG (OTC:CZMWY) an Underperform rating with a price target of $82.31. Ludwig highlights the importance of innovation in the ophthalmology market, which is valued at $34 billion with mid-single digit growth rates. Alcon is noted for its significant R&D spending, which is 1.9 times higher than its next competitor, while Zeiss, though leading in digital, must maintain high R&D spending to stay competitive. Shares of Alcon and Carl Zeiss Meditec declined by 2.34% and 0.95%, respectively, at the time of publication.

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