Why The Cooper Companies, Inc. (COO) Crashed Last Week

We recently published a list of These 10 Stocks Just Rocked The Market. In this article, we are going to take a look at where The Cooper Companies, Inc. (NASDAQ:COO) stands against other stocks that just rocked the market.

The Cooper Companies saw its share prices decline by 13.38 percent week-on-week, with investor sentiment dampened by its weak outlook guidance and lowered ratings from three investment companies.

In its latest earnings call, The Cooper Companies, Inc. (NASDAQ:COO) said it now sees organic growth of 5 to 6 percent for fiscal year 2025, down from the 6 to 8 percent as targeted previously.

Meanwhile, JPMorgan, Wells Fargo, and Bank of America all lowered their price targets for The Cooper Companies, Inc. (NASDAQ:COO).

A doctor wearing gloves and a mask holding a pair of contact lenses in their hand.

JPMorgan, for its part, lowered its rating to “neutral” from “overweight” and gave the firm a price target of $76, a 31-percent cut from the $110 previously.

“It’s hard to come away feeling positive following several quarters of mixed execution and a potentially durable slowdown in market trends back to previous levels,” JPMorgan said.

For its part, Wells Fargo also reduced its price target for The Cooper Companies, Inc. (NASDAQ:COO) to $93 from $118 previously, while Bank of America cut its price target to $96 from $120.

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Disclosure: None. This article is originally published at Insider Monkey.