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Fly News Breaks for September 1, 2017
COO
Sep 1, 2017 | 05:23 EDT
Piper Jaffray analyst Matt O'Brien raised his price target for Cooper Companies to $280 saying the company last night reported "strong" Q3 results and raised guidance for 2017. Some investors may be disappointed that more of the currency benefit will not fall to the bottom line in 2018, but infrastructure investments are "important for the health of the business and will certainly yield returns that should buffer shares going forward," O'Brien tells investors in a post-earnings research note. He continues to recommend Cooper with an Overweight rating.
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