Alcon Inc. (ALC) PT Raised to $110 at Baird

Baird analyst Jeff Johnson raised the price target on Alcon Inc. (NYSE: ALC) to $110.00 (from $104.00) while maintaining a Outperform rating.

The analyst comments "Maintain Outperform rating/raising PT to $110 (+$6). While we're modestly trimming our 2H-24/2025 revenue/earnings estimates as we exit today's 2Q call, we feel better about the path to mid-teens EPS growth we're still modeling for next year, as new product launch timelines are becoming better defined, and we're now relying less on contact lens/other like- for-like price increases in our 2025 estimates. Bottom line, ALC continues to execute well, and we believe 2025-2026 are shaping up to be solid years for the company, leaving this a top idea across our coverage universe."

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