Bausch + Lomb price target raised to $14 from $12 at Stifel

Stifel raised the firm’s price target on Bausch + Lomb (BLCO) to $14 from $12 and keeps a Hold rating on the shares. Q3 results were mixed with constant-currency revenue growth falling a bit below estimates, but adjusted EBITDA finished moderately above expectations, the analyst tells investors in a research note. The firm said that it remains on the sidelines as implied Q4 guidance appears “difficult.”