Wall Street Cautious on ​Bausch + Lomb Corporation (BLCO), Here's Why

​Bausch + Lomb Corporation (NYSE:BLCO) is one of the Best Up and Coming Canadian Stocks to Buy. Wall Street has a cautious outlook on the stock despite an 8.59% increase in share price during the month.

​On November 13, Bausch + Lomb Corporation (NYSE:BLCO) highlighted its growth strategy at investor day. The management noted they have increased their focus on simplification and rebuilt the culture to embrace AI and technological innovation. The company unveiled that it targets 5% to 7% CAGR through 2028, driven by growth across the board and its recent product launches. In addition, the company targets around 23% adjusted EBITDA in 2028, while reaffirming its 2025 guidance.

​Despite the optimistic growth plan, on November 14, Matt Miksic from Barclays reiterated a Hold rating on the stock with a price target of $17. Earlier, on November 13, Travis Steed from Bank of America Securities reiterated a Sell rating on Bausch + Lomb Corporation (NYSE:BLCO) with a price target of $13.

​The analyst noted that management projects revenue and adjusted EBITDA growth through 2025 to 2028, but argues that this projection reflects only the best-case scenario. He added that although the outlook appears to be optimistic, it does not align with the conservative outlook of the Street, which suggests overestimated growth targets. In addition, Steed noted that the targets heavily rely on execution rather than innovation, thereby increasing the risk factor.

​Bausch + Lomb Corporation (NYSE:BLCO) is a leading eye health company focused on protecting and enhancing vision through products like contact lenses, pharmaceuticals, and surgical equipment.

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Disclosure: None. This article is originally published at Insider Monkey.