Needham analyst David Saxon has maintained their neutral stance on BLCO stock, giving a Hold rating yesterday.
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David Saxon has given his Hold rating due to a combination of factors related to Bausch + Lomb Corporation’s recent strategic updates. The company held an Investor Day where it outlined its long-range plan, including financial targets set for 2028. Saxon has adjusted his financial models to incorporate these new projections, which likely influenced his decision to maintain a Hold rating.
While the updated long-range plan provides a clearer financial outlook, it seems that Saxon remains cautious about the company’s ability to meet these targets. This cautious stance suggests that while there is potential for growth, there are also uncertainties or risks that prevent a more optimistic rating. Therefore, the Hold rating reflects a balanced view, acknowledging both the company’s strategic direction and the inherent uncertainties in achieving its long-term goals.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $17.50 price target.