BofA upgraded Alcon (ALC) to Buy from Neutral with a price target of $108, up from $92. The firm believes Alcon “is on the cusp” of an earnings upgrade cycle driven by product launches. The company’s earnings momentum should accelerate over 2025, resulting in a “promising exit rate” for fiscal 2026, the analyst tells investors in a research note. In addition, BofA believes Alcon’s valuation “doesn’t look too demanding,” with the shares trading below their long-term average.
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