Baird analyst Jeff Johnson lowered the firm’s price target on Cooper Companies to $355 from $370 and keeps an Outperform rating on the shares. The analyst said Q4 was another mixed quarter, as CVI/CSI top-line trends nicely exceeded expectations, but margins/EPS missed on continued FX/interest rate pressures and a step-up in shipping/distribution inefficiencies during the period.
Published first on TheFly
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