The Cooper Companies: Rating Upgrade As Near-Term Momentum Should Continue

BlackJack3DOverview I previously rated a hold rating for The Cooper Companies (NASDAQ:COO), as I thought the valuation was too high back then, in July 2023. I believe my call was right, as the stock saw a sharp reversion back to its historical trading multiple of 19-22x forward PE, which led to a sharp reversion in share price from ~$$100 to $$75 in just 3 months. As COO ended FY23, I thought to give an update on the business and my outlook. My recommendation for COO is a buy rating with an expected retur ...