Morgan Stanley lowered the firm’s price target on Cooper Companies (COO) to $84 from $92 and keeps an Equal Weight rating on the shares. The Q2 report “was a little mixed,” according to the firm, which believes investors’ focus will be on the cut guidance. The shares “look cheap to us,” but the firm doesn’t “see this Q2 as the print that COO needed to get incremental money into the stock just yet,” the analyst added.
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