Needham analyst David Saxon lowered the firm’s price target on Alcon (ALC) to $106 from $108 and keeps a Buy rating on the shares. The firm is adjusting its model after the company has recently noted a stronger USD as an incremental headwind to 2025 earnings, the analyst tells investors in a research note. Needham is also cutting its FY25 EPS view by 6c to 77c on the commentary.
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