Citi downgraded Bausch + Lomb (BLCO) to Neutral from Buy with a price target of $22, down from $24. The firm sees “competing pressures” on the company. On the one hand, Bausch seems to have the pieces to put together “another nice year” and current estimates for fiscal 2025 are reasonable, the anlayst tells investors in a research note. On the other, the firm says Bausch + Lomb’s ownership has been an overhang and the potential takeout providing potential upside to the stock “may or may not materialize.”
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Read More on BLCO:
- Bausch + Lomb downgraded to Equal Weight from Overweight at Morgan Stanley
- Bausch + Lomb (BLCO) Posts Impressive Revenue and Explores Potential Sale
- Bausch + Lomb price target raised to $24 from $20 at Citi
- 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
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