UBS Maintains Buy on Owens & Minor, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Kevin Caliendo has maintained a Buy rating on Owens & Minor (NYSE:OMI) but has reduced the price target from $28 to $26.
January 29, 2024 | 4:54 pm
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NEUTRAL IMPACT
UBS has maintained a Buy rating on Owens & Minor but lowered the price target from $28 to $26, indicating a positive outlook with a slightly reduced growth expectation.
The maintenance of a Buy rating suggests that UBS remains optimistic about Owens & Minor's future performance. However, the reduction in the price target could reflect a more conservative valuation or a response to new market information that slightly dampens growth expectations. This news is likely to be viewed neutrally by investors as it confirms positive sentiment but with moderated enthusiasm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100