Interesting could this have something to do with $EPGL
Piper Jaffray analyst Matt O'Brien notes reports hit yesterday that Johnson & Johnson (JNJ) had exited the unilateral pricing policy program where a number of providers, including Cooper Companies' (COO) Clariti brand, set minimum pricing for contact lenses in order to protect optometrists from being undercut by discount channels. The analyst views the news as neutral to slightly negative for Cooper saying it may impact the company's ability to take share in the big box stores. Cooper is maintaining its pricing strategy, and it seems Alcon and Valeant's (VRX) Bausch & Lomb are still working under unilateral pricing policy as well, the analyst contends. O'Brien continues to recommend Cooper shares with an Overweight rating.
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