JP Morgan Upgrades Cooper Companies: Here's What You Need To Know

JP Morgan upgraded its rating of Cooper Companies COO to Overweight with a price target of $120.00, changing its price target from $100.00 to $120.00.

Shares of Cooper Companies are trading up 1.88% over the last 24 hours, at $103.45 per share.

A move to $120.00 would account for a 16.0% increase from the current share price.

About Cooper Companies

The Cooper Companies is one of the largest eye care companies in the U.S. It operates in two segments: CooperVision and CooperSurgical. CooperVision is a pure-play contact lens business and is composed of a suite of spherical, multifocal, and toric contact lenses. The company also has one of the most comprehensive specialty lens portfolios in the world. With brands including Proclear, Biofinity, MyDay, and clariti, Cooper controls roughly a quarter of the U.S. contact lens market. CooperSurgical, founded in 1990, is made up of equipment related to reproductive care, fertility, and women's care. Cooper has the broadest medical device coverage of the entire IVF cycle. It also has Paragard, the only hormone-free IUD in the U.S., and controls 17% of the U.S. IUD market.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.