Alcon price target lowered to $88 from $93 at Wells Fargo

Wells Fargo analyst Larry Biegelsen lowered the firm’s price target on Alcon (ALC) to $88 from $93 and keeps an Equal Weight rating on the shares. Alcon lowered its fiscal 2025 revenue guidance amid a softer cataract market and some competitive share loss, the analyst tells investors in a research note. Consensus sales estimates for 2026 likely remain intact, though expectations for margin EPS still seem optimistic, Wells says.