Cooper Companies down after cutting annual revenue forecast

The Cooper Companies

28/08/2025 15:57

Updates

** Shares of medical device maker Cooper Companies COO.O fall 12.4% to $64.91

** Company late on Wednesday lowered its annual revenue forecast to between $4.07 billion and $4.10 billion, from $4.11 billion to $4.15 billion earlier

        ** Expects Q4 revenue to be between $1.05 billion and $1.07 billion, below analysts' estimate of $1.10 billion - data compiled by LSEG

** Nearly 4 brokerages cut its price target on Thursday; their median PT is $86.56 - data compiled by LSEG

** "We think it's prudent to remain on the sidelines until we can see more concrete signs of stabilization," says J.P.Morgan

** Including session's moves, shares down 29.3% YTD

 (Reporting by Siddhi Mahatole)

 ((siddhi.mahatole@thomsonreuters.com))