(CercleFinance.com) – Berenberg lowered its price target on Alcon on Tuesday, reduced from 90 to 86 Swiss francs, while maintaining its buy recommendation on the stock.
‘Throughout the past few years, Alcon has continued to launch new products that have helped it protect and even consolidate its already dominant position in a structurally growing market’, explains the analyst.
‘And yet, over this same period, the price of its share remained generally stable to now be treated on the basis of a discount of around 20% compared to its closest comparables’, he adds. .
“This is an attractive entry point,” concludes the intermediary in his note.
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