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May 20, 2014
12:41 EDTCOOCooper Companies warning letter should not hurt business, says Wells Fargo
Wells Fargo believes the FDA warning letter sent to Cooper Companies relating to issues at the company's Puerto Rico contact lens manufacturing plant will not impact business. After speaking to management, Wells thinks Cooper has already responded to many of the violations in the letter. The firm has an Outperform rating on the stock.
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