Analyst Larry Biegelsen of Wells Fargo maintained a Buy rating on Cooper Co (COO – Research Report), reducing the price target to $93.00.
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Larry Biegelsen has given his Buy rating due to a combination of factors including Cooper Co’s strong financial performance in the second quarter, where the company exceeded earnings per share expectations due to higher gross margins and a lower tax rate. Despite a reduction in the fiscal year 2025 organic growth guidance, which was anticipated due to market softness, the company still demonstrates resilience and potential for outperformance in the contact lens market through initiatives like the MyDay ramp and MiSight growth.
Furthermore, while the guidance for Cooper Co’s CSI division was lowered due to a softer IVF market, the company remains confident in its ability to manage these challenges. The anticipated tariff impacts are expected to be modest, and Cooper Co is likely to mitigate some of these effects. Overall, the company’s strategic positioning and ability to navigate market challenges contribute to the Buy rating.
In another report released on May 27, Piper Sandler also reiterated a Buy rating on the stock with a $115.00 price target.