Eye-Care Companies Looking Good

Amit Bhalla of Citi Investment Research wrote in a note to investors that "the outperformance of the ophthalmology sector compared to the overall market is largely the result of robust market fundamentals that support long-term growth for the more diversified players in the space. These favorable trends are still at play," he said. The note was obtained by the Associated Press.Key drivers of short-term success have been few threats of patent expiration, limited competition from generics, optimism about future deals, and rebounds from recalls in the contact lens space.Bhalla was not as optimistic about Advanced Medical Optics, which he forecast will have lackluster sales in several key markets.