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UPDATE: BMO Capital Raises PT on The Cooper Companies after Solid FY1Q13 Results

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In a report published Friday, BMO Capital Markets reiterated its Outperform rating on The Cooper Companies (NYSE: COO), and raised its price target from $114.00 to $120.00.

BMO Capital Markets noted, “COO reported FY1Q13 results that beat on the top and bottom line, increasing guidance, and raising a few questions along the way. In FY1Q13, revenue of $380 million (up 16.5%; up 18% ex-FX; up 11% organic) was better than the consensus' $365 million, including CVI sales of $301 million (up 12.1%; up 14% ex-FX) and CSI sales of $78 million (up 37.1%; up 1% organic). EPS of $1.23 (up 9.8%) surpassed the Street's $1.19. Management raised 2013 revenue guidance to $1,575-$1,625 million from $1,565-$1,625 million, and EPS to $5.95-$6.10 from $5.90-$6.10.”

The Cooper Companies closed on Thursday at $104.70.

Latest Ratings for COO

DateFirmActionFromTo
Sep 2020Raymond JamesMaintainsOutperform
Sep 2020Stephens & Co.MaintainsOverweight
Sep 2020OppenheimerMaintainsPerform

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