Cooper Companies initiated with an Overweight at Barclays

Barclays analyst Matt Miksic initiated coverage of Cooper Companies (COO) with an Overweight rating and $85 price target With expanded manufacturing capacity, Cooper is positioned to deliver improving growth, driven partially by new private label agreements, the analyst tells investors in a research note. The firm believes the shares are “ready to re-rate higher” as the company’s single-use lens sales regain momentum in late fiscal Q1.