UPDATE: J.P. Morgan Raises Price Target on Cooper Companies to $80

According to J.P. Morgan, Cooper Companies COO target price is raised to $80. J.P. Morgan said that it is updating its Cooper model to reflect the company's recent share repurchase authorization as well as currency movements. “We are raising our EPS estimate by $0.04 to $4.95, as share repurchase is offset in part by a greater currency headwind. For FY13, our EPS estimate comes up by $0.06 to $5.42.” Cooper Companies closed yesterday at $70.58.