Market Overview

UPDATE: Citigroup Reiterates on The Cooper Companies Following Mixed Quarter Report


In a report published Friday, Citigroup analyst Amit Bhalla reiterated a Neutral rating on The Cooper Companies (NYSE: COO), but lowered the price target from $133.00 to $128.00.

In the report, Citigroup noted, “COO reported a mixed overall quarter as channel inventory reductions (distributor merger) and increased investments around MyDay led to both revs/EPS significantly below expectations. The COO story is beginning to transition from EPS upside to new products as the MyDay launch is gaining traction in the EU. MyDay is expected to have $25M revs in F14 and while long-term should drive adoption within the one-day SiH market, capacity is limited and investments are needed to support LT growth (which will pressure NT margins). While the Americas growth was soft (+2%cc in F4Q13), the company was confident the slowdown is transitory noting US Nov sales are up +18%cc. While CVI continues to grow faster than the market, we reiterate our Neutral rating as P&L leverage will be limited in the near-term as COO makes the necessary investments in MyDay.”

The Cooper Companies closed on Thursday at $127.00.

Latest Ratings for COO

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

View More Analyst Ratings for COO
View the Latest Analyst Ratings


Related Articles (COO)

View Comments and Join the Discussion!

Posted-In: Amit Bhalla CitigroupAnalyst Color Price Target Analyst Ratings

Latest Ratings

HYMCBMO CapitalInitiates Coverage On
DEMorgan StanleyMaintains335.0
SBNYRaymond JamesMaintains138.0
CORTHC Wainwright & Co.Maintains32.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at