Morgan Stanley lowered the firm’s price target on Alcon (ALC) to $84 from $90 and keeps an Equal Weight rating on the shares. The firm continues to like the industry setup into Q2 on relative stability in procedure volumes and hospital capital expenditures across the space, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALC:
- Alcon price target raised to $100 from $99 at BTIG
- Alcon to acquire LumiThera, PBM device
- Alcon price target raised to CHF 101 from CHF 99 at Citi
- Alcon’s Stock Boosted by FDA Approval of Innovative Dry Eye Drug TRYPTYR
- Alcon’s Strategic Initiatives and Valuation Justify Buy Rating with $99 Price Target