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UBS Remains a Buy on Alcon (ALC)
UBS analyst Graham Doyle maintained a Buy rating on Alcon today and set a price target of CHF86.00.
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According to TipRanks, Doyle is an analyst with an average return of -2.8% and a 46.15% success rate.
In addition to UBS, Alcon also received a Buy from Deutsche Bank ‘s Falko Friedrichs in a report issued on May 12. However, on May 7, Bank of America Securities maintained a Sell rating on Alcon (NYSE: ALC).
Based on Alcon’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of CHF2.65 billion and a net profit of CHF184.88 million. In comparison, last year the company earned a revenue of CHF2.47 billion and had a net profit of CHF350 million
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