Spain’s credit rating upgraded to ’A+’ by S&P on strong growth
Investing.com - Stifel has reiterated its Buy rating and $85.00 price target on Cooper Companies (NASDAQ:COO), following meetings with the company’s leadership in Boston. According to InvestingPro data, the company currently trades at $68.09 and shows strong financial health with a perfect Piotroski Score of 9.
Stifel analyst Jonathan Block maintained the firm’s positive outlook on the medical device company after discussions with Cooper Companies’ CEO Al White and VP of Investor Relations and Risk Management Kim Duncan.
The analyst noted that management appears to have given themselves "more wiggle room than normal" regarding top-line expectations for the fourth quarter of fiscal year 2025.
Block acknowledged that Cooper Companies has faced "a tough couple of quarters" but suggested the company’s outlook is improving, with current Street estimates for 2026 appearing "well calibrated."
The firm views Cooper Companies’ risk/reward profile as "favorable" based on several factors, including the stock trading at what Stifel considers a trough multiple and expectations for free cash flow to "improve notably over the next 12-24 months."
In other recent news, Cooper Companies reported its third-quarter earnings for fiscal 2025, revealing an earnings per share (EPS) of $1.10, which exceeded analyst forecasts of $1.06. The company’s revenue aligned with expectations, coming in at $1.06 billion. Despite these earnings results, analysts have expressed concerns about the company’s future growth prospects. KeyBanc maintained its Sector Weight rating on Cooper Companies, citing a significant downward revision in the company’s fiscal year 2025 organic growth guidance. Piper Sandler lowered its price target for Cooper Companies to $83, maintaining an Overweight rating, due to a disappointing performance in the company’s CVI segment. Similarly, Stifel reduced its price target to $85, while keeping a Buy rating, following missed revenue expectations in the Contact Lens division. These recent developments highlight ongoing challenges for Cooper Companies despite its earnings beat.
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