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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALC: