Alcon price target lowered to $70 from $82 at Stifel

Stifel lowered the firm’s price target on Alcon (ALC) to $70 from $82 and keeps a Hold rating on the shares. The firm’s previous downgrade of shares in January questioned the company’s ability to post 2026 top-line upside and “only one quarter in, this part of our thesis may already be playing out,” the analyst tells investors. The downgrade expressed equal caution around a likely 2027 top-line deceleration and this deceleration “arguably may be of greater concern,” the analyst added.