Citi raised the firm’s price target on Bausch + Lomb (BLCO) to $24 from $20 and keeps a Buy rating on the shares. The firm says management “delivered a solid quarter with not much to balk at.” The company is executing on its vision, and although still in early innings, continuing to sacrifice some margin expansion in the near-term as it invests in growth pillars of the business, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLCO:
- Bausch + Lomb price target raised to $26 from $23 at Wells Fargo
- Bausch + Lomb price target raised to $23 from $22 at H.C. Wainwright
- Bausch + Lomb Sees Strong Growth in Q3 2024
- Bausch + Lomb reports Q3 adjusted EPS 17c, consensus 22c
- Bausch + Lomb raises FY24 revenue view to $4.73B-$4.83B from $4.7B-$4.8B