Market Overview

UPDATE: JP Morgan Reiterates The Cooper Companies at Overweight Post Model Update

Share:
Related COO
Stephen Mandel's Lone Pine Capital Loves Tech, Consumer Stocks
UPDATE: Oppenheimer Initiates Coverage On Cooper Companies

JP Morgan reiterated its Overweight rating on The Cooper Companies (NYSE: COO) and maintained its price target at $106.

JP Morgan commented, "We are updating our Cooper model to reflect the company's revised royalty agreement with Ciba, announced on December 21. For FY13, we are raising our EPS estimate by $0.15 to $6.00, including quarterly estimates of $1.20, $1.41, $1.65, and $1.74. Looking out to FY14, we are lifting our EPS forecast to $6.68 versus our prior $6.51 estimate, in both cases reflecting a lower royalty rate to Ciba on silicone hydrogel lens sales, offset in part by incremental investment in the business."

The Cooper Companies closed at $91.89 on Wednesday.

Latest Ratings for COO

DateFirmActionFromTo
Dec 2014OppenheimerInitiates Coverage onPerform
Oct 2014JP MorganMaintainsNeutral
Sep 2014JP MorganMaintainsOverweight

View More Analyst Ratings for COO
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Reiteration Intraday Update Analyst Ratings

 

Related Articles (COO)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→