UPDATE: Needham & Company Starts Cooper Companies (COO) at Hold

(Updated - April 8, 2022 5:39 AM EDT)

Needham & Company analyst David Saxon initiates coverage on Cooper Companies (NYSE: COO) with a Hold rating.

The analyst comments "We expect COO to be able to sustain mid- to high-single digit organic revenue growth driven by strength in CooperVision. However, given COO's current margin profile and necessary investments behind key launches, we only estimate a high-single digit EPS CAGR through 2024. Given these points and the stock's valuation, we are initiating coverage with a Hold rating."

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 $415.98 yesterday.

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