BUZZ-Cooper Companies jumps as contact lens demand boosts profit

Cooper Companies, Inc.

Cooper Companies, Inc.

COO

0.00

** Cooper Companies shares COO.O rise 4.8% to $65 premarket

** Contact lens maker Q2 profit and revenue surpassed Wall Street expectations on Thursday, driven by strong demand

** Morningstar says "with one of the widest portfolios in
the marketplace, filled with premium and value lenses as well as myopia management products, Cooper is well positioned to see durable growth, in our view"

** Co forecast fiscal 2026 revenue between $4.29 bln and $4.32 bln, slightly below its earlier outlook of $4.31 bln to $4.35 bln

** 10 of 20 brokerages rate COO at "buy" or higher, 9 "hold" and 1 "sell"; their median PT is $85 - LSEG-compiled data

** As of previous close, stock down about 24% YTD


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