Redburn Atlantic upgraded Cooper Companies to Buy from Neutral with a $125 price target. Cooper is set for continued share gains in a “healthy” contact lens market, says the analyst, who sees further benefit from pricing and mix in fiscal 2024. In addition, following a period of heightened investment, Cooper should see improved operating leverage, the analyst tells investors in a research note. As such, the firm’s concerns around the margin outlook mid-term have been alleviated.
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