BTIG Reduces PT on Alcon (ALC) Stock

Alcon Inc. (NYSE:ALC) is one of the Best Beaten Down Stocks to Buy According to Hedge Funds. On October 13, BTIG reduced the price target on the company’s stock to $91 from $92, while keeping a “Buy” rating as part of a research note previewing Q3 results for the broader MedTech industry.

BTIG Reduces PT on Alcon (ALC) Stock

According to the analyst, investors are concerned that lesser number of patients might seek medical treatment due to headlines affecting the MedTech sector. Additionally, the latest threat of increased tariffs on Chinese imports is adding to the uncertainty, the analyst noted.

Alcon Inc. (NYSE:ALC) believes that the strong early demand for the recent product launches, such as Unity VCS, Voyager, PanOptix Pro, Precision7, Systane Pro PF and Tryptyr, remains encouraging. Despite in early stages, such launches place the company well to accelerate top-line growth and generate cash.

Parnassus Investments, an investment management company, released its Q2 2025 investor letter. Here is what the fund said:

“Within Health Care, we initiated a position in Alcon Inc. (NYSE:ALC), a market leader in the eye care industry. We expect its culture of innovation will enable the company to accelerate market share gains and revenue growth during our investment horizon. Alcon is a dominant player in the eye care industry. The company operates in a strong, durable category, and ALC’s product launches should enable them to continue to gain market share and experience accelerating growth.”

While we acknowledge the potential of ALC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ALC and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.