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RBC Capital Remains a Buy on Alcon (ALC)

Tipranks - Tipranks - Tue Feb 10, 1:22AM CST

In a report released on February 6, Jack Reynolds-Clark from RBC Capital maintained a Buy rating on Alcon, with a price target of CHF80.00. The company’s shares closed last Friday at CHF60.74.

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Reynolds-Clark covers the Healthcare sector, focusing on stocks such as Alcon, Smith & Nephew, and ConvaTec. According to TipRanks, Reynolds-Clark has an average return of 2.8% and a 46.00% success rate on recommended stocks.

In addition to RBC Capital, Alcon also received a Buy from BTIG’s Ryan Zimmerman in a report issued on January 26. However, on January 31, William Blair initiated coverage with a Hold rating on Alcon (NYSE: ALC).

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ALC market cap is currently CHF30.35B and has a P/E ratio of 33.42.

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