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Alcon (ALC) Gets a Hold Rating from Morgan Stanley

Morgan Stanley analyst Cecilia Furlong maintained a Hold rating on Alcon (ALCResearch Report) yesterday and set a price target of $92.00. The company’s shares closed last Thursday at $77.45.

According to TipRanks.com, Furlong is a 4-star analyst with an average return of 25.3% and a 50.9% success rate. Furlong covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Edwards Lifesciences, and Irhythm Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alcon with a $86.55 average price target, implying a 9.4% upside from current levels. In a report released yesterday, J.P. Morgan also maintained a Hold rating on the stock with a CHF69.00 price target.

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Alcon’s market cap is currently $39.3B and has a P/E ratio of 119.55.

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Alcon Inc. is a medical company which is specialized in eye care products. The company develops, manufactures, distributes, and sells technologies and devices for cataract, retinal, refractive surgery, as well as contact lenses and lens care products.

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