Keybanc Cuts Alcon (ALC) Price Target to $84
Key Points
- Keybanc lowered its price target on Alcon Inc. from $88 to $84 on October 27, 2026, while maintaining an Overweight rating.
- Keybanc's $84 price target implies 20.02% upside from Alcon Inc.'s ($ALC) current $69.99 share price.
- As of October 27, 2026, Alcon's stock was recently trading around $69.99, which is about 15.1% below the mean analyst target of $82.48.
- The company's next earnings report is scheduled for November 10, 2026, and it has a dividend yield of 0.51%.
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On October 27, 2026, Keybanc lowered its price target on Alcon Inc. (NYSE: ALC) from $88 to $84 while maintaining an Overweight rating. This change reflects a shift in expectations for the company's performance. The firm's research note was released on the same day as the adjustment.
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Alcon Inc.
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Other Institutional Activity in Alcon Inc.
Quadrant Capital Group reduced its holdings in Alcon by 23,173 shares, bringing its total to 29,363 shares valued at about $1.85 million. Bank Of New York Mellon Corporation decreased its stake by 2,612,219 shares, ending with 13,057,962 shares worth approximately $910.3 million. Aristotle Capital Management, LLC also trimmed its position, selling 605,434 shares for a total of about $695.7 million. Meanwhile, AKO Capital LLP added 358,077 shares, increasing its holdings to 9,683,004 shares valued at roughly $675.1 million. Lastly, Zurcher Kantonalbank (Zurich Cantonalbank) sold 107,512 shares, leaving it with 7,915,741 shares worth about $551.8 million.
Alcon Inc. Stock Holds Steady
On October 27, 2026, Alcon closed at $69.71, and it has been recently trading around $69.99, which is about 0.4% above its closing price. The stock is currently 20.1% below its 52-week high of $87.64 and 13.2% above its 52-week low of $61.84.
$ALC price target
Alcon Inc. daily closes and this analyst's $84 target. Not advice.
Recent Earnings
Alcon reported trailing twelve-month revenue of approximately $10.9 billion and an EPS of $1.32. The company has a net margin of 5.9% and a return on equity of 2.9%. The next earnings report is set for November 10, 2026.
Analysts Set New Price Targets
On October 27, 2026, Keybanc maintained its Overweight rating on Alcon with a price target of $84, down from $88. Earlier, on September 22, Jefferies maintained a Buy rating with a target of $85, while Barclays initiated coverage with an Equal-Weight rating and a target of $70 on October 7. BTIG maintained a Buy rating with a target of $74 on October 12, and Needham reiterated a Buy rating with a target of $98 on October 21.
About Alcon Inc.
Alcon Inc. is based in Geneva, Switzerland, and specializes in eye care products worldwide. The company operates in two main areas: Surgical and Vision Care, offering a wide range of equipment and consumables for eye surgeries and vision correction.
Bottom Line
Investors should keep an eye on Alcon's upcoming earnings report on November 10, 2026, for further insights into its performance. As the stock trades below the mean analyst target, the market will be watching how the company addresses its growth and profitability in the future.
Related Filing Alerts
Source: Keybanc's rating change on $ALC (Oct 27, 2026). Written by software, not financial advice. How we make alerts