Alcon price target lowered to $90 from $95 at Argus

Argus lowered the firm’s price target on Alcon to $90 from $95 but keeps a Buy rating on the shares. The firm retains a favorable view of the company’s market position and product pipeline, while noting that its sales growth has outpaced increases in marketing and selling costs, resulting in higher margins, the analyst tells investors in a research note. The stock is down sharply since early September 2023, but Alcon has a history of achieving substantial gains after similar periods of losses, the firm adds.