Alcon selloff on ‘robust’ Q4 unwarranted, says Citi

Alcon sold off yesterday despite the company reporting "robust" Q4 results and a 2023 guidance that implies low single digits upgrades to consensus core EBIT, Citi analyst Veronika Dubajova the analyst tells investors in a research note. The firm views the selloff as unwarranted and keeps a Buy rating on the shares. and outline multiple reasons below. Alcon offers "best-in-class" organic and earnings growth, contends Citi.