Cooper Companies (COO) PT Raised to $210 at Jefferies Following Lens Survey
- Wall Street opens flat as investors assess earnings
- General Motors (GM) Tops Q3 EPS by 28c
- Procter & Gamble (PG) Tops Q1 EPS by 5c
- DuPont (DD) Tops Q3 EPS by 14c; Boosts FY16 EPS Outlook; Says Continuing to Work with Regulators
- Pre-Open Stock Movers 10/25: (SAEX) (CWEI) (SWFT) Higher; (DPRX) (CRBP) (UA) Lower (more...)
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
Jefferies analyst Anthony Petrone reiterated a Buy rating and lifted his price target on Cooper Companies (NYSE: COO) to $210.00 (from $190.00) saying a lens survey showed clariti/MyDay are poised for more gains while Vita is off to a slow start.
Petrone commented, "We conducted a follow-up survey of 52 new optometry practices in order to gauge trends ahead of COO’s F3Q16 (July) print. Key findings are: 1) clariti/ MyDay combo still poised for share gains; 2) JNJ’s Acuvue Vita is off to slow start with a less than 4% uptake; 3) Shift in monthlies is mostly at expense of 2-week lenses; 4) Biofinity appears stable. FX could add up to $0.50 through year-end."
The firm raised Q3 EPS estimates on Cooper Companies from $2.26 to $2.30, FY 2016 EPS estimates to $8.30 to $8.48 and FY 2017 EPS estimates form $9.65 to $9.85.
Shares of Cooper Companies closed at $185.79 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Raises Price Target on Rambus (RMBS) Following 3Q Report
- RBC Capital Raises Price Target on Restaurant Brands (QSR) to $54
- UBS Raises Price Target on Greenhill & Co. (GHL) to $17; Reiterates Sell
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst PT Change
Related EntitiesJefferies & Co
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!