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Fly News Breaks for September 4, 2015
COO
Sep 4, 2015 | 05:35 EDT
Piper Jaffray analyst Matt O'Brien recommends using weakness in shares of Cooper Companies after the company lowered its full year outlook to build positions in the name. The guidance reduction reflects a transitory distributor inventory adjustment, O'Brien tells investors in a post-earnings research note. He believes the majority of the issues that have impacted sales this year will be largely behind Cooper heading into 2016. The analyst keeps an Overweight rating on the stock with a $212.50 price target.
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