Alcon price target raised to $89 from $80 at Wells Fargo

Wells Fargo analyst Larry Biegelsen raised the firm’s price target on Alcon to $89 from $80 and keeps an Overweight rating on the shares. The firm notes Alcon’s raised 2023 guidance implies a slight potential sales growth deceleration and some margin compression in the second half of 2023, still leaving room for upside though.