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Barclays has decided to maintain its Equal-Weight rating of Bausch & Lomb (NYSE:BLCO) and raise its price target from $17.00 to $18.00.
Shares of Bausch & Lomb are trading down 0.28% over the last 24 hours, at $17.55 per share.
A move to $18.00 would account for a 2.56% increase from the current share price.
Bausch & Lomb is one of the largest vision care companies in the U.S. The firm was previously a subsidiary under parent company Bausch Health and it was spun off to become a public company in 2022. It operates in three segments: vision care, surgical, and ophthalmic pharmaceuticals. Vision care is composed of contact lenses, a market which B&L controls 10%, and ocular health products, which includes Biotrue and Lumify. Surgical includes a suite of intraocular lenses, equipment for cataract and vitreoretinal surgeries, as well as surgical instruments. Ophthalmic pharmaceuticals has a diverse lineup of products, including Xipere, Vyzulta, and Lotemax that treat different complications. With over 100 products, B&L has the largest portfolio of eye care prescriptions in the space.
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Posted In: BLCO
