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Analysts Offer Insights on Healthcare Companies: Alcon (ALC) and Cabaletta Bio (CABA)

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Alcon (ALCResearch Report) and Cabaletta Bio (CABAResearch Report) with bullish sentiments.

Alcon (ALC)

Wells Fargo analyst Larry Biegelsen maintained a Buy rating on Alcon yesterday and set a price target of $89.00. The company’s shares closed last Wednesday at $84.08.

According to TipRanks.com, Biegelsen is a 5-star analyst with an average return of 11.5% and a 61.6% success rate. Biegelsen covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, GE Healthcare Technologies Inc, and Bausch + Lomb Corporation.

Alcon has an analyst consensus of Strong Buy, with a price target consensus of $91.99.

See Insiders’ Hot Stocks on TipRanks >>

Cabaletta Bio (CABA)

In a report released yesterday, Samantha Semenkow from Citi maintained a Buy rating on Cabaletta Bio, with a price target of $30.00. The company’s shares closed last Wednesday at $16.44.

According to TipRanks.com, Semenkow is a 4-star analyst with an average return of 11.4% and a 44.9% success rate. Semenkow covers the Healthcare sector, focusing on stocks such as MoonLake Immunotherapeutics, NGM Biopharmaceuticals, and Sensei Biotherapeutics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cabaletta Bio with a $32.67 average price target, implying a 99.9% upside from current levels. In a report issued on March 21, TD Cowen also maintained a Buy rating on the stock.

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