In a report released today, Patrick Wood from Morgan Stanley maintained a Hold rating on Cooper Co (COO – Research Report), with a price target of $102.00.
Patrick Wood has given his Hold rating due to a combination of factors that reflect both challenges and opportunities for Cooper Co. The initial guidance for 2025 was softer than expected, leading to concerns about potential market share loss, especially as the company’s contact lens growth lagged behind competitors. However, management’s explanation of inventory dynamics and the rebound in early 2025 provides some reassurance.
Additionally, Cooper Co’s investments in manufacturing and the growth of specific products like MyDay and MiSight are promising, suggesting the company is on track to meet its growth forecasts. Despite the slower start in certain segments, the company’s confidence in its offerings and market positioning supports the Hold rating, indicating a balanced outlook where risks are countered by potential growth opportunities.