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Contact Lens Maker Alcon’s Has New Growth Avenues, Analyst Upgrades Stock

Oppenheimer has upgraded Alcon Inc (NYSE:ALC) following firm first-quarter earnings and several new drivers coming into view. The analyst sees a new opportunity in glaucoma with the announced acquisition of BELKIN Vision for $60 million immediately and up to $335 million with milestone payments. Via the BELKIN Vision deal, Alcon adds FDA-approved Eagle direct-SLT for glaucoma. Selective Laser Trabeculoplasty (SLT) stimulates the trabecular […]

Wall Street Jumps To All-Time Highs On Soft Inflation, Bond Yields Tumble, Bitcoin Soars, Meme Stocks Face Carnage: What’s Driving Markets Wednesday?

The S&P 500 and the Nasdaq 100 indices rose to fresh record highs during morning trading on Wednesday following a broadly in-line inflation report and cooler-than-expected retail sales data for April, as traders increased their rate cut bets. Inflation calculated on the Consumer Price Index (CPI) basket came in at 3.4% year-on-year in April 2024, […]

Boston Beer Company Gets A Spicy Buy Upgrade From Analyst Amid Other Beer Brands – Read Why

Jefferies analyst Kaumil Gajrawala upgraded Boston Beer Company, Inc (NYSE:SAM) to Buy from Hold, raising the price forecast to $360 from $335. Boston Beer has gone through several boom-bust cycles, but over time, value was created with higher highs and higher lows, the analyst writes. The company’s beer and cider brands continue to decline, in line with the category. Collectively these […]

Analysts May Need To Revise Cannabis Stock Projections For 2024: 10 Companies Surpass EBITDA Estimates By $37M

Cannabis equity analysts may need to revise their 2024 earnings estimates after first-quarter results from major multi-state operators (MSOs). According to a recent report by Viridian Capital Advisors, 10 MSOs surpassed EBITDA estimates by $37 million in the first quarter of 2024, indicating that initial projections may have been too conservative. Q1 Results The report highlights […]