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Fly News Breaks for June 10, 2019
COO
Jun 10, 2019 | 09:05 EDT
Wells Fargo analyst Lawrence Biegelsen raised his price target for Cooper Companies to $356 from $325 after meeting with management. The analyst notes that management seems confident on its 2019 outlook and continue growth momentum, 2020 EPS growth could reach 10% despite anticipated tax rate increase, contact lens market should continue to grow 5%-plus for the foreseeable future, and management is particularly excited about the long-term prospect of myopia management lenses. Biegelsen reiterates an Outperform rating on the shares.
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