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BTIG Remains a Buy on Alcon (ALC)

In a report released yesterday, Ryan Zimmerman from BTIG maintained a Buy rating on Alcon (ALCResearch Report), with a price target of $85.00. The company’s shares closed yesterday at $75.47.

According to TipRanks, Zimmerman is a 5-star analyst with an average return of 9.2% and a 46.89% success rate. Zimmerman covers the Healthcare sector, focusing on stocks such as Vericel, Mediwound, and Penumbra.

Currently, the analyst consensus on Alcon is a Moderate Buy with an average price target of $84.22, which is an 11.59% upside from current levels. In a report released yesterday, Needham also reiterated a Buy rating on the stock with a $87.00 price target.

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ALC market cap is currently $38.23B and has a P/E ratio of 81.06.

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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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