UPDATE: J.P. Morgan Reiterates Overweight Rating, Raises PT on The Cooper Companies

In a report published Wednesday, J.P. Morgan & Co. reiterated its Overweight rating on The Cooper Companies COO, and raised its price target from $100.00 to $113.00. J.P. Morgan noted, “We hosted Cooper management for a day of meetings in Boston on Tuesday. Takeaways were positive, including: (1) a disciplined capital allocation strategy; (2) favorable commentary on the health of both the contact lens market as well as Cooper's vision franchise; (3) successful early launch of new products; and (4) organic operating margin expansion. We are raising our price target from $100 to $113.” The Cooper Companies closed on Tuesday at $97.18.