JPMorgan Downgrades Cooper Companies (COO) to Neutral, Cuts PT

On May 30, JPMorgan downgraded Cooper Companies, Inc. (NASDAQ:COO) to Neutral from Overweight and slashed the price target to $76 from $110. The downgrade followed Cooper Companies’ fiscal Q2 2025 results on May 29, in which it reported another “mixed update,” according to the firm.

The firm told investors in a research note that the company’s CooperVision and CooperSurgical segments had a lowered organic sales outlook, which overshadowed the fiscal Q2 2025 results. It stated that growth in the contact lens market has bounced back to its historical 4%-6% run rate, with tighter budgeting from retailers, distributors, and the end consumer.

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While Cooper Companies, Inc. (NASDAQ:COO) reported a 6% year-over-year revenue growth to $1.002 billion, JPMorgan reasoned that it finds it hard to feel positive after the earnings report, following “several quarters of mixed execution and a potentially durable slowdown in market trends back to previous levels.”

The firm, therefore, contended that the company’s 5%-6% organic growth outlook fails to justify a higher multiple, thereby sustaining the price target downgrade.

Cooper Companies, Inc. (NASDAQ:COO) is a medical device company that operates through the Cooper Surgical and Cooper Vision segments. The Cooper Surgical segment focuses on health advancement through women’s health and fertility products and services. The Cooper Vision segment develops, markets, and manufactures products that combat vision challenges, including eye fatigue, astigmatism, ocular dryness, presbyopia, and myopia.

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Disclosure: None.