KeyBanc Upgrades Cooper Companies (COO) to Overweight

KeyBanc upgraded Cooper Companies (NYSE: COO) from Sector Weight to Overweight with a price target of $298.00.

Analyst Matt Mishan comments "...we have increased confidence in its current growth profile despite all the competitive noise, and it's trading at an attractive relative value historically to the peer group. More specifically: 1) our checks indicate increased U.S. traction, confirming revised guidance, and less concern over NT disruption from Alcon or JNJ; 2) the underlying market is healthy with available runway for LT growth and share gains; and 3) COO is making significant investments, putting it in a better position to support LT global market expansion."

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 $253.99 yesterday.

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