JPMorgan upgraded Cooper Companies to Overweight from Neutral with a price target of $120, up from $100. Cooper’s trends remain robust in contact lenses, where healthy market trends, pricing power, exposure to high-growth subsegments, and wins in new fits have driven growth in the high single to low double digits, consistently above the market, the analyst tells investors in a research note. The firm says that with a stable macro backdrop that should allow the focus to return to the fundamentals, the outlook for Cooper “is the best its been in a while.”
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