Bausch Health falls after RBC Capital Markets lowers PT
U.S.-listed shares of eye care firm Bausch Health BHC.TO down 4.2% at $5.06
Brokerage RBC Capital Markets cuts PT to $8.5 from $9 ahead of Q1 results, maintains "sector perform" rating
The new price target represents a 59.5% upside to the stock's last close
Company is set to share Q1 results on April 30 - brokerage
RBC estimates Q1 revenue of $2.24 billion on "broader macroeconomic uncertainty currently"
"If a sale of BLCO were to take place, we anticipate it would most likely happen in the 2026-2027 time frame" - RBC
Bausch + Lomb BLCO.TO said in December 2024 it is exploring a potential sale among other options, in a move that would help Canadian parent Bausch Health BHC.TO exit the eye-care company
Brokerage says BLCO's dry-eye treatment, Miebo, will turn profitable in 2026
Up to Friday's close, stock had fallen 35.4% YTD
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