Citi analyst Joanne Wuensch maintains $Bausch + Lomb Corp. (BLCO.US)$ with a buy rating, and sets the target price at $24.
According to TipRanks data, the analyst has a success rate of 62.5% and a total average return of 6.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Bausch + Lomb Corp. (BLCO.US)$'s main analysts recently are as follows:
The company has been acknowledged for delivering a solid quarter with commendable execution of its vision. Despite being in the initial stages, it is focusing on investing in growth pillars, which might limit margin expansion in the near-term.
The company reported Q3 sales and EBITDA that surpassed expectations and increased its guidance for both metrics. There is positive momentum anticipated into Q4 and beyond, supported by most of the company's segments, robust Miebo uptake, and a turnaround in Xiidra.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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