Alcon price target lowered to $95 from $108 at Baird

Baird analyst Jeff Johnson lowered the firm’s price target on Alcon (ALC) to $95 from $108 and keeps an Outperform rating on the shares. The frim updated its model following Q2 results. Baird lowered its target in what they call a modest reset, but stil see a favorable setup into the second half of the year.