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Alcon (ALC) Receives a Buy from Needham

Needham analyst David Saxon reiterated a Buy rating on Alcon (ALCResearch Report) today and set a price target of $87.00. The company’s shares closed last Monday at $78.07.

According to TipRanks.com, Saxon ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -7.0% and a 33.3% success rate. Saxon covers the Healthcare sector, focusing on stocks such as Irhythm Technologies, Alphatec Holdings, and Staar Surgical.

Currently, the analyst consensus on Alcon is a Moderate Buy with an average price target of $84.56.

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The company has a one-year high of $88.78 and a one-year low of $63.92. Currently, Alcon has an average volume of 852.3K.

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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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