RBC Capital analyst Douglas Miehm raised the firm’s price target on Bausch + Lomb (BLCO) to $23 from $20 and keeps an Outperform rating on the shares ahead of its Q3 results. The firm is incorporating a sale scenario into its new price target with several media articles over the last month indicating that the company is working with advisers to test interest from potential buyers, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLCO:
- Banks competing to fund possible Bausch + Lomb buyout, Bloomberg says
- Etsy, Enphase downgraded: Wall Street’s top analyst calls
- Bausch + Lomb upgraded to Outperform from In Line at Evercore ISI
- M&A News: TPG and Blackstone Could Eye Joint Bid for Bausch + Lomb (NYSE:BLCO)
- Boeing to cut 10% of workforce, Lundbeck to acquire Longboard: Morning Buzz