Benchmark Maintains Buy on Omnicell, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Bill Sutherland has maintained a 'Buy' rating on Omnicell (NASDAQ:OMCL) but lowered the price target from $88 to $70.

October 03, 2023 | 3:44 pm
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NEUTRAL IMPACT
Omnicell's price target has been lowered from $88 to $70 by Benchmark, though the 'Buy' rating is maintained.
The lowering of the price target by Benchmark could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100