Baird analyst Jeff Johnson lowered the firm’s price target on Alcon to $75 from $80 and keeps a Neutral rating on the shares. The analyst believes the selling may be overdone as investors worried about a modest downshift in management’s contact lens and surgical end-market commentary and that 2023 guidance might already embed roughly $0.10 in unaccounted for FX headwinds.
Published first on TheFly
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