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Alcon (ALC) Gets a Buy from RBC Capital

Tipranks - Tipranks - Fri May 8, 1:16AM CDT

RBC Capital analyst Jack Reynolds-Clark maintained a Buy rating on Alcon yesterday and set a price target of CHF80.00.

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According to TipRanks, Reynolds-Clark is a 2-star analyst with an average return of 0.3% and a 37.50% success rate. Reynolds-Clark covers the Healthcare sector, focusing on stocks such as Alcon, ConvaTec, and Smith & Nephew.

In addition to RBC Capital, Alcon also received a Buy from Needham’s David Saxon in a report issued yesterday. However, on the same day, Barclays reiterated a Hold rating on Alcon (NYSE: ALC).

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Based on Alcon’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of CHF2.74 billion and a net profit of CHF218.77 million. In comparison, last year the company earned a revenue of CHF2.5 billion and had a net profit of CHF284 million

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