BofA rates Bausch & Lomb ‘underperform' with lower buyout chances [Yahoo! Finance]
Bausch Health Companies Inc. (BHC)
Last bausch health companies inc. earnings: 2/19 06:59 am
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Source: Yahoo! Finance
Corp (NYSE:BLCO) with an "underperform" rating and a price target of $18, amid reduced prospects of a private equity buyout. The rating of the stock follows a report that Blackstone (NYSE:BX) pulled out of a consortium considering a takeover of the eye care company. Bausch&Lomb's shares, which had risen 33% since mid-September on buyout speculation, fell 12% after the news. “A takeout is not imminent and we would expect it to rekindle investor concerns on the timing/likelihood of the spin. BLCO's fundamentals have been solid over the last several quarters but we think the stock will be a relative underperformer without more clarity on the spin,” analyst wrote. The uncertainty around a potential spin-off from its parent company, Bausch Health, remains a significant overhang. The parent company still owns 88% of Bausch&Lomb and has provided limited details on separation plans since the company's IPO in May 2022. BofA noted that while Bausch&Lomb has shown solid growth in sales a
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BHC
News
- Contact lens maker Bausch + Lomb says it is exploring sale [Yahoo! Finance Canada]Yahoo! Finance Canada
- Bausch + Lomb Responds to Rumors of a Potential Sale [Yahoo! Finance]Yahoo! Finance
- Bausch Health Responds to Rumors of a Potential Sale of Bausch + LombAccesswire
- Bausch Health and Salix in Collaboration with Health Organizations Recognize the Second Annual Opioid-Induced Constipation (OIC) Awareness Day [Yahoo! Finance]Yahoo! Finance
- Bausch Health and Salix in Collaboration with Health Organizations Recognize the Second Annual Opioid-Induced Constipation (OIC) Awareness Day Accesswire
BHC
Earnings
- 10/30/24 - Miss
BHC
Sec Filings
- 12/3/24 - Form 4
- 12/2/24 - Form 144
- 11/1/24 - Form 8-K
- BHC's page on the SEC website