|Day's Range||246.16 - 250.56|
|52 Week Range||158.73 - 256.39|
|PE Ratio (TTM)||37.03|
|Dividend & Yield||0.06 (0.02%)|
|1y Target Est||N/A|
Cooper (COO:NYSE) By KeyBanc Capital Markets ($254, July 20, 2017) Having exceeded our price target [$236], we downgrade Cooper to Sector Weight from Overweight. While we maintain there is a steady multiyear runway for revenue growth, an inflection higher may be difficult and there is likely complacency in Cooper’s (COO) valuation. Johnson & Johnson (JNJ) and Novartis (NVS) (Alcon) results this week indicated an underlying healthy market, albeit with less disruption and opportunities for share gains.
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