Alcon: UBS lowers price target

(CercleFinance.com) - UBS confirms its buy recommendation on the stock, but lowers its price target to 78 Swiss francs (from 82 Swiss francs).


The analyst believes that 2024 is less exciting than before, but stresses that there is still a double-digit return in the medium term.

For 2023 as a whole, the Swiss group now anticipates core EPS of between $2.70 and $2.75 (instead of $2.70 and $2.80) and revenues of between $9.3 and $9.4 billion (instead of $9.3 and $9.5 billion).

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