Jefferies Boosts Price Target on Cooper Companies (COO) After Solid Q1, Maintains Hold Rating
Tweet
Share
E-mailGet Alerts COO Hot Sheet
Price: $76.22 +0.08%
Rating Summary:
15 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
15 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Jefferies raised estimates and its price target on Cooper Companies (NYSE: COO) from $70 to $83 following solid Q1 results, although they maintained their Hold rating.
The firm comments, "COO's posted solid F1Q:12 results driven by consistent gains in Vision, upside surprise in Surgical, and continued margin improvement. F12 EPS guidance goes higher but more a function of buybacks and lower tax over leverage gains. We remain at Hold ahead of UK facility inspection and in the light of slowdown in the margin expansion story as well as fair valuation."
Q2 EPS goes from $1.18 to $1.21, FY12 from $4.90 to $5.00 and FY13 from $5.33 to $5.40.
For an analyst ratings summary and ratings history on Cooper Companies click here. For more ratings news on Cooper Companies click here.
Shares of Cooper Companies closed at $78.93 yesterday.
The firm comments, "COO's posted solid F1Q:12 results driven by consistent gains in Vision, upside surprise in Surgical, and continued margin improvement. F12 EPS guidance goes higher but more a function of buybacks and lower tax over leverage gains. We remain at Hold ahead of UK facility inspection and in the light of slowdown in the margin expansion story as well as fair valuation."
Q2 EPS goes from $1.18 to $1.21, FY12 from $4.90 to $5.00 and FY13 from $5.33 to $5.40.
For an analyst ratings summary and ratings history on Cooper Companies click here. For more ratings news on Cooper Companies click here.
Shares of Cooper Companies closed at $78.93 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Cummins (CMI) PT Lowered to $675 at Jefferies
- Walmart (WMT) PT Lowered to $125 at JPMorgan, Overweight Rating Maintained as 'Short Case Feels Greedy'
- DA Davidson Starts Comfort Systems USA (FIX) at Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & CoSign 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!
