JPMorgan analyst David Adlington downgraded Alcon (ALC) to Neutral from Overweight with a price target of $77.53, down from $105.88. The company reported another “soft” quarter and cut to guidance, the analyst tells investors in a research note. The firm believes investors will now question Alcon’s fiscal 2026 growth expectations. JPMorgan sees downside risk to estimates in the near term.
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