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Wells Fargo has downgraded Bausch + Lomb (TSX:BLCO) from Overweight to Equal-Weight as of March 28, 2025. The average one-year price target is $28.40/share, indicating a potential upside of 26.66% from the current price of $22.42/share, despite a projected revenue decrease of 9.89%. Institutional ownership has seen a slight increase, with 156 funds reporting positions, although total shares owned by institutions fell by 7.57% in the last three months.
Bausch + Lomb's stock has experienced a decline following a downgrade from Wells Fargo. The downgrade has raised concerns among investors, impacting the company's market performance.
UBS analyst Susy Tibaldi has maintained a Neutral rating on EssilorLuxottica with a price target of €266, despite the stock trading near its 52-week high. The company reported sales of $27.7 billion but fell short on profit margins, prompting concerns over ambitious medium-term margin guidance amid strategic investments and product launches. Analysts from Jefferies and RBC Capital Markets have upgraded their ratings, citing growth potential in the smartglasses and ophthalmology markets, while UBS expressed caution regarding US tariffs and consumption patterns.
The German ophthalmic devices market is projected to grow at a CAGR of 5.34% from 2023 to 2033, driven by the rising prevalence of eye disorders and an aging population. Key segments include cataract treatments, which are expected to dominate due to high demand for advanced surgical solutions. Recent developments include Carl Zeiss Meditec AG's acquisition of D.O.R.C., enhancing its ophthalmic portfolio.
Bausch & Lomb Corp
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wells fargo downgrades bausch lomb outlook amid mixed fund sentiment
15:39 28.03.2025
Bausch and Lomb shares decline after Wells Fargo downgrade
15:33 28.03.2025
ubs maintains essilorluxottica price target amid mixed analyst outlooks
06:58 13.02.2025
germany ophthalmic devices market forecast growth driven by aging population and technology
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