Alcon price target raised to $110 from $104 at Baird

Baird analyst Jeff Johnson raised the firm’s price target on Alcon to $110 from $104 and keeps an Outperform rating on the shares. The firm said they modestly trimmed 2H-24/2025 revenue/earnings estimates but said they feel better about the path to mid-teens EPS growth they aremodeling for next year, as new product launch timelines are becoming better defined, and now relying less on contact lens/other like-for-like price increases in the firm’s 2025 estimates.