Morgan Stanley lowered the firm’s price target on Cooper Companies (COO) to $84 from $92 and keeps an Equal Weight rating on the shares. The Q2 report “was a little mixed,” according to the firm, which believes investors’ focus will be on the cut guidance. The shares “look cheap to us,” but the firm doesn’t “see this Q2 as the print that COO needed to get incremental money into the stock just yet,” the analyst added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COO:
- JPMorgan downgrades Cooper Companies on lowered growth outlook
- Cooper Companies downgraded to Neutral from Overweight at JPMorgan
- Cooper Companies price target lowered to $97 from $107 at Baird
- Cooper Co: Strong Market Positioning and Growth Potential Highlighted by Robust Financial Performance and Strategic Initiatives
- Mixed Outlook for Cooper Co.: Strong Results Overshadowed by Industry Concerns