Alcon price target raised to $98 from $96 at BTIG

BTIG analyst Ryan Zimmerman raised the firm’s price target on Alcon to $98 from $96 and keeps a Buy rating on the shares. Despite softer sales in Q2, Alcon maintained its FY24 guidance, the analyst tells investors in a research note. While results were not the best against tougher comps, the firm sees the likelihood increasing that Alcon could guide FY25 above FY24 levels given the abundance of new product cycles expected to be in launched in FY25.