Goldman Sachs initiated coverage of Alcon with a Buy rating and $100 price target. Alcon’s core businesses are delivering solid growth, supported by strong market positions and attractive end markets, the analyst tells investors in a research note. The firm also sees multiple opportunities for the company drive incremental growth. Alcon should sees share gains in contact lenses, driven by reusable contacts following launches in the TOTAL30 portfolio and pending launch of PRECISION7, contends Goldman.
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