Piper Sandler lowered the firm’s price target on Cooper Companies (COO) to $115 from $120 and keeps an Overweight rating on the shares. The firm notes the company reported Q1 results, including record gross margin that more than offset a slight revenue miss and incremental Fx headwinds for adjusted EPS of 92c to beat Street’s 91c. The stock is trading lower in after-hours on the Q1 revenue miss, but any selling should prove short-lived, Piper adds.
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