Alcon (ALC) Receives a Buy from Needham

In a report released today, David Saxon from Needham maintained a Buy rating on Alcon (ALCResearch Report), with a price target of $85.00. The company’s shares opened today at $70.76.

Saxon covers the Healthcare sector, focusing on stocks such as Alcon, NuVasive, and Alphatec Holdings. According to TipRanks, Saxon has an average return of -12.2% and a 28.00% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alcon with a $78.18 average price target, which is a 10.49% upside from current levels. In a report released on December 22, Mizuho Securities also initiated coverage with a Buy rating on the stock with a $85.00 price target.

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ALC market cap is currently $35.12B and has a P/E ratio of 60.29.

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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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