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.
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Read More on BLCO:
- Bausch + Lomb price target raised to $26 from $23 at Wells Fargo
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