Bausch + Lomb price target raised to $19 from $17 at RBC Capital

RBC Capital raised the firm’s price target on Bausch + Lomb (BLCO) to $19 from $17 and keeps an Outperform rating on the shares. The company’s Investor Day highlighted the significant operating leverage within the business, while the management also emphasized its robust pipeline, pointing to a steady stream of product launches over the next decade and an estimated peak sales potential of $7B, the analyst tells investors in a research note.