Leerink lowered the firm’s price target on Owens & Minor to $14 from $17 and keeps a Market Perform rating on the shares. The firm says the company’s Q3 results had a number of moving pieces to both the upside/downside but not enough visibility to lead Leerink to be more constructive despite a low historical valuation. The firm thinks there are a number of sustained growth efforts at Owens & Minor to help support underlying EBITDA but also some company-specific and market-related headwinds that have more limited visibility.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on OMI:
- Owens & Minor falls -10.6%
- Owens & Minor falls -10.7%
- Owens & Minor Reports Revenue Growth Amid Debt Reduction
- Owens & Minor reports Q3 adjusted EPS 42c, consensus 41c
- Owens & Minor narrows FY24 adjusted EPS view to $1.45-$1.55 from $1.40-$1.70
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
