Citi lowered the firm’s price target on Cooper Companies (COO) to $110 from $115 and keeps a Buy rating on the shares. The company’s fiscal Q1 results have some “some puts and takes,” the analyst tells investors in a research note. The firm says the revenue shortfall was attributed to channel inventory reduction early in the quarter and order timing while gross margins expanded. Cooper’s outlook is second half of the year waited, which will likely weigh on the stock, contends Citi.
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Read More on COO:
- Cooper Companies price target lowered to $115 from $120 at Piper Sandler
- Optimistic Outlook for Cooper Co: Buy Rating Reiterated Despite Initial Setbacks
- Positive Outlook for Cooper Co. Despite Revenue Miss: Strong EPS Performance and Growth Prospects Drive Buy Rating
- Cooper Co’s Mixed Q1 Performance: Hold Rating Amid Revenue Shortfall and EPS Beat
- CooperCompanies Reports Strong Q1 2025 Earnings Growth
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