Craig Bijou, an analyst from Bank of America Securities, reiterated the Buy rating on Cooper Co (COO – Research Report). The associated price target was lowered to $96.00.
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Craig Bijou has given his Buy rating due to a combination of factors, despite the softer market outlook for contact lenses. Cooper Co’s Q2 revenue and EPS exceeded expectations, with organic growth surpassing the anticipated figures. Although the company adjusted its FY25 revenue growth guidance downward due to market softness in contact lenses and fertility, this move is seen as a strategic decision to manage expectations and potentially deliver better-than-expected results in the future.
Additionally, Cooper Co’s strong operating leverage and ability to outperform the lens market by 150 basis points, driven by products like MyDay and MiSight, contribute to the positive outlook. The company also raised its FY26 EPS guidance, benefiting from reduced foreign exchange headwinds, which offsets some tariff impacts. These factors collectively support the Buy rating, as they indicate potential for upside performance and resilience in challenging market conditions.
In another report released today, Wells Fargo also maintained a Buy rating on the stock with a $93.00 price target.
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