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Fly News Breaks for August 31, 2018
COO
Aug 31, 2018 | 05:00 EDT
Piper Jaffray analyst Matt O'Brien "strongly" recommends buying shares of Cooper Companies after the company lowered its fiscal 2018 outlook to reflect currency impacts. Momentum in Cooper's business is "quite good right now" and its investments in sales/marketing and manufacturing/distribution will "pay off in excellent top- and bottom-line growth going forward," O'Brien tells investors in a post-earnings research note. The analyst "strongly" encourages investors to start or build positions "in this unique franchise" and keeps an Overweight rating on Cooper Companies with a $280 price target.
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