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ALC - The Recent Pullback Makes Alcon More Attractive
Alcon Inc.
Since my previous article on ALC, the stock is down ~10% vs. ~6% for the S&P 500 and is now fairly valued in my opinion for a 6% return.
ALC delivered another solid quarter and raised its long-term revenue growth rate from ~5% to ~8%.
I wouldn't exclude a further 10-20% drop on the back of market volatility in the upcoming months, which could allow investors to pick up shares at a cheaper valuation.