Piper Sandler Downgrades Omnicell to Neutral, Raises Price Target to $70
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst Jessica Tassan has downgraded Omnicell (NASDAQ:OMCL) from Overweight to Neutral, while raising the price target from $66 to $70.
August 04, 2023 | 10:51 am
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NEUTRAL IMPACT
Omnicell has been downgraded to Neutral from Overweight by Piper Sandler, but the price target has been raised to $70.
The downgrade to Neutral suggests that the analyst sees limited upside potential for Omnicell's stock in the near term. However, the increase in price target indicates that the analyst still sees some value in the stock. This mixed signal could lead to neutral or sideways movement in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100