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Fly News Breaks for August 13, 2019
COO
Aug 13, 2019 | 05:18 EDT
Piper Jaffray analyst Matt O'Brien raised his price target for Cooper Companies to $360 from $330 saying his check in with a contact lens distributor is "very bullish" for the market. The shift to daily lenses continues, with roughly 60% of new fits in this modality, O'Brien tells investors in a research note. His contact believes the market will grow high single digits this year and potentially 10%, "which is as bullish as we have heard from this check," says O'Brien. The analyst has confidence in his second half of 2019 revenue estimates for Cooper Companies and remains constructive on the stock with an Overweight rating.
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