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Alcon (ALC) Receives a Sell from Bank of America Securities

Tipranks - Thu Feb 26, 6:45AM CST

Bank of America Securities analyst Julien Ouaddour maintained a Sell rating on Alcon today and set a price target of CHF60.00.

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Ouaddour covers the Healthcare sector, focusing on stocks such as Smith & Nephew, Koninklijke Philips N.V., and Alcon. According to TipRanks, Ouaddour has an average return of 18.8% and a 68.97% success rate on recommended stocks.

Alcon has an analyst consensus of Moderate Buy, with a price target consensus of CHF74.10.

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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