Morgan Stanley analyst Patrick Wood lowered the firm’s price target on Bausch + Lomb (BLCO) to $18 from $19 and keeps an Equal Weight rating on the shares. The firm is adjusting its model following the company’s Q4 report, which came in relatively in-line with expectations. While the firm anticipates the top-line to “grow nicely in 2025,” it expects operating expenses to rise as the company continues to invest in its newer launches like Miebo and ENVY, the analyst tells investors.
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