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Fly News Breaks for March 6, 2019
COO
Mar 6, 2019 | 05:11 EDT
Piper Jaffray analyst Matt O'Brien raised his price target for Cooper Companies to $325 saying the company reported "strong" fiscal Q1 results. Management raised the low end of CooperVision guidance as well as their earnings outlook on the combination of fundamental improvements in the business, along with a lower tax rate, O'Brien tells investors in a post-earnings research note. He believes the "share taking investments" in CooperVision have "legs that will stretch over a multi-year period." He reiterates an Overweight rating on Cooper Companies.
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