Needham Reiterates Hold Rating on Bausch & Lomb Corp. (BLCO)

Needham analyst David Saxon reiterated a Hold rating on Bausch & Lomb Corp. (NYSE: BLCO).

The analyst commented: "Yesterday, we attended BLCO's Investor Day in NYC where management provided long-term targets and highlighted its pipeline. BLCO's revenue growth target for 2028 was in line with our expectations while there was upside to our adjusted EBITDA margin estimate. The focus was on BLCO's pipeline, which includes products that cumulatively could reach $7B in peak sales. While we come away more comfortable with the durability of BLCO's growth profile and acknowledge the potential for earnings upside, we don't see any catalyst that would drive near-term multiple expansion, leading us to maintain our Hold rating."

For an analyst ratings summary and ratings history on Bausch & Lomb Corp. click here. For more ratings news on Bausch & Lomb Corp. click here.

Shares of Bausch & Lomb Corp. closed at $15.69 yesterday.

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