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Fly News Breaks for January 16, 2020
COO
Jan 16, 2020 | 07:34 EDT
Wells Fargo analyst Larry Biegelsen raised his price target for Cooper Companies to $388 from $360 after hosting an investor meeting with management and coming away with increasing confidence in the company's 2020 outlook. His key take-aways from the meeting include multiple sources of potential upside to 2020 guidance; MiSight U.S. launch on track and initial management forecast may prove conservative; management focused on increasing MyDay supply to the U.S. market; and increasing DTC behind Paragard that should support at least stable growth in the mid-single-digit. Overall, Biegelsen believes the company is well positioned to deliver on and possibly exceed expectations for 2020. He has an Overweight rating on the shares.
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