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RBC Capital Sticks to Its Buy Rating for Alcon (ALC)

Tipranks - Tipranks - Thu Feb 12, 6:42AM CST

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

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According to TipRanks, Reynolds-Clark is a 3-star analyst with an average return of 2.6% and a 45.10% success rate. Reynolds-Clark covers the Healthcare sector, focusing on stocks such as Alcon, Smith & Nephew, and ConvaTec.

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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Based on Alcon’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of CHF2.61 billion and a net profit of CHF237 million. In comparison, last year the company earned a revenue of CHF2.45 billion and had a net profit of CHF263 million

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