Cooper Companies price target lowered to $105 from $115 at Stifel

Stifel lowered the firm’s price target on Cooper Companies (COO) to $105 from $115 and keeps a Buy rating on the shares. With the stock trading at a three-year trough relative multiple based on next twelve months EPS, multiple expansion is “likely from current levels if Cooper can put it together” and accelerate revenue growth coupled with solid margin performance, the analyst contends following the company’s fiscal Q1 report.