KeyBanc raised the firm’s price target on Alcon to $107 from $103 and keeps an Overweight rating on the shares. The firm remains confident in a mid-to-high single-digits trajectory into the second half of 2024/2025, supported by sustained market growth of about 5% as well as several company-specific drivers. It also appears well positioned to achieve its mid-20s EBIT margin target by 2027, KeyBanc adds.
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