In a report released on May 13, Ryan Zimmerman from BTIG maintained a Buy rating on Alcon (ALC – Research Report), with a price target of $102.00.
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Ryan Zimmerman has given his Buy rating due to a combination of factors including Alcon’s strategic maneuvers and financial performance. Despite the company’s recent earnings report showing a slight miss in net sales and core EPS compared to estimates, Zimmerman sees potential in Alcon’s operational strategies and market positioning.
Alcon’s decision to adjust its fiscal year 2025 guidance, while reflecting some short-term pressures from recent business development activities, is seen as a proactive step to navigate market challenges. The company’s efforts to offset tariff impacts through operational actions and favorable foreign exchange conditions further support Zimmerman’s positive outlook. Additionally, Alcon’s innovation in product offerings, particularly in the Vision Care segment, and the anticipated benefits from upcoming product launches contribute to the Buy rating.
In another report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a CHF96.00 price target.
ALC’s price has also changed slightly for the past six months – from $87.490 to $93.250, which is a 6.58% increase.