Citi analyst Joanne Wuensch downgraded the rating on Cooper Co to a Hold yesterday, setting a price target of $72.00.
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Joanne Wuensch’s rating is based on Cooper Co’s recent financial performance and future guidance, which have raised concerns. The company’s third-quarter results showed revenue growth that fell short of expectations, with both the CVI and CSI segments underperforming against consensus estimates. Although gross and operating margins improved, the revenue figures and organic growth rates were disappointing.
Furthermore, management’s guidance for the fourth quarter and fiscal year 2025 suggests continued challenges, with revenue projections below market expectations. While the company anticipates improvements driven by products like MyDay, uncertainties in execution and market pressures, particularly in regions like APAC, have led to a cautious outlook. As a result, Joanne Wuensch has downgraded the stock from Buy to Neutral, reflecting these uncertainties and the need for clearer visibility into the company’s future performance.
COO’s price has also changed moderately for the past six months – from $89.870 to $74.105, which is a -17.54% drop .