Analyst Craig Bijou of Bank of America Securities reiterated a Buy rating on Cooper Co (COO – Research Report), with a price target of $120.00.
Craig Bijou has given his Buy rating due to a combination of factors that suggest a positive outlook for Cooper Co despite some initial setbacks. Although the company’s first-quarter revenues fell short of market expectations by 2%, this was anticipated internally, and Cooper Co maintained its revenue guidance for fiscal year 2025. This indicates confidence in their ability to recover and achieve growth in the upcoming quarters.
Furthermore, the company’s margins and free cash flow were strong, and there is potential for earnings per share to exceed expectations, particularly if foreign exchange rates remain favorable. Cooper Co’s strategic initiatives, such as improvements in the MyDay supply and expansion in product ranges, are expected to drive growth in the second quarter and beyond. Additionally, the fertility business is projected to return to higher growth levels, supported by healthy underlying demand. These factors collectively underpin Bijou’s optimistic view and the reiterated Buy rating.
In another report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $118.00 price target.