Bausch + Lomb price target raised to $24 from $20 at Citi

Citi raised the firm’s price target on Bausch + Lomb (BLCO) to $24 from $20 and keeps a Buy rating on the shares. The firm says management “delivered a solid quarter with not much to balk at.” The company is executing on its vision, and although still in early innings, continuing to sacrifice some margin expansion in the near-term as it invests in growth pillars of the business, the analyst tells investors in a research note.