Morgan Keegan Raises PT on The Cooper Companies

According to a recent report from Morgan Keegan, The Cooper Companies COO has reported 2Q earnings that were well above expectations. In result of the report, Morgan Keegan is increasing the price target on COO from $80.00 to $85.00 and reiterating an Outperform rating. In the report, Morgan Keegan said, "In our opinion, management delivered a solid quarter with expansion in operating margin and robust FCF generation, despite initiatives to launch two new products in the coming weeks that curtailed top-line growth." The Cooper Companies closed yesterday at $72.69.