Bear Stearns puts Cooper Cos. at peer perform

Cooper Cos. was given a peer perform rating by Bear Stearns analyst Mike Bailey after a recent tour of the company's U.K. facility. Cooper plans to have five silicone hydrogel (SH) production lines running by the end of the year. Currently, only one line is running. The analyst believes the company's business will remain vulnerable to competitive SH lenses until Cooper can launch its SH lens in the United States. Shares of the Pleasanton, Calif., health care products company were up 16 cents, or 0.31%, at $52.10 on volume of 463,800 shares versus the three-month running average of 925,512 shares. (NYSE: COO)

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.