Wells Fargo Downgrades Omnicell to Underweight, Lowers Price Target to $56
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Stan Berenshteyn has downgraded Omnicell (NASDAQ:OMCL) from Overweight to Underweight and lowered the price target from $65 to $56.
July 20, 2023 | 9:55 am
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Omnicell has been downgraded by Wells Fargo from Overweight to Underweight, with a reduced price target of $56.
The downgrade from Wells Fargo is a negative signal for Omnicell. The reduction in price target suggests that the analyst sees less upside potential for the stock, which could lead to selling pressure and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100