Fintel reports that on December 12, 2023, Stifel initiated coverage of Bausch + Lomb (NYSE:BLCO) with a Hold recommendation.
Analyst Price Forecast Suggests 37.03% Upside
As of November 27, 2023, the average one-year price target for Bausch + Lomb is 20.68. The forecasts range from a low of 17.17 to a high of $26.25. The average price target represents an increase of 37.03% from its latest reported closing price of 15.09.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Bausch + Lomb is 3,940MM, a decrease of 0.73%. The projected annual non-GAAP EPS is 1.05.
What is the Fund Sentiment?
There are 124 funds or institutions reporting positions in Bausch + Lomb. This is an increase of 11 owner(s) or 9.73% in the last quarter. Average portfolio weight of all funds dedicated to BLCO is 0.51%, a decrease of 6.59%. Total shares owned by institutions increased in the last three months by 3.02% to 47,705K shares. 
The put/call ratio of BLCO is 0.79, indicating a bullish outlook.
What are Other Shareholders Doing?
FIL holds 7,260K shares representing 2.07% ownership of the company. In it's prior filing, the firm reported owning 6,543K shares, representing an increase of 9.87%. The firm decreased its portfolio allocation in BLCO by 48.78% over the last quarter.
Eminence Capital holds 5,995K shares representing 1.71% ownership of the company. In it's prior filing, the firm reported owning 5,368K shares, representing an increase of 10.45%. The firm increased its portfolio allocation in BLCO by 42.02% over the last quarter.
Goldentree Asset Management holds 5,066K shares representing 1.44% ownership of the company. In it's prior filing, the firm reported owning 5,797K shares, representing a decrease of 14.43%. The firm decreased its portfolio allocation in BLCO by 14.15% over the last quarter.
Icahn Carl C holds 3,500K shares representing 1.00% ownership of the company. No change in the last quarter.
Maple Rock Capital Partners holds 3,220K shares representing 0.92% ownership of the company. In it's prior filing, the firm reported owning 2,887K shares, representing an increase of 10.34%. The firm increased its portfolio allocation in BLCO by 1.75% over the last quarter.
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