Stifel Reaffirms Buy on Alcon (ALC), Highlights Eye Care Leader’s Growth Potential

Alcon Inc. (NYSE:ALC) ranks among the best medical stocks to buy according to analysts. On July 10, Stifel reaffirmed its Buy rating for Alcon Inc. (NYSE:ALC) with a $100 price rating. According to the research firm, one of the main reasons for the ongoing optimism is Alcon’s dominant market position in the ophthalmology industry.

Stifel Reaffirms Buy on Alcon (ALC), Highlights Eye Care Leader’s Growth Potential

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Stifel emphasizes Alcon’s position in what it calls an “attractive” industry category and sees the company as a “core holding” in its coverage umbrella. According to the firm, Alcon Inc. (NYSE:ALC) is currently seeing sustainable growth in the mid-single-digit percentage range or higher.

Stifel’s investment case for the eye care company was further backed by Alcon’s potential for margin expansion.

One of the most notable eye care companies, Alcon Inc. (NYSE:ALC) focuses on developing a variety of eye care products. The company offers a range of products, including intraocular lenses, surgical packs, microscopes, visualization systems, and medications to treat allergies and glaucoma.

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.