Jefferies Cuts Price Target on Omega Healthcare Investors (OHI) Following Investor Day
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
Jefferies maintained a Buy rating on Omega Healthcare Investors (NYSE: OHI), and cut the price target to $35.00 (from $40.00), following the company's investor day.
Analyst Omotayo Okusanya commented, "We attended OHI's Investor Day where four of OHI's key operators discussed the current environment in the Skilled Nursing Facility (SNF) space. Overall, we believe that ongoing changes in reimbursement will continue to put pressure on rent coverage at OHI's tenants. We lower our PT to $35 (from $40) but reiterate our BUY given low risk of rent concessions/defaults."
Shares of Omega Healthcare Investors closed at $28.39 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Target (TGT) PT, Estimates Cut at Buckingham Research Following Miss
- Wedbush Remains Bullish on Nexstar Broadcasting (NXST) - PT to $75
- Jefferies Raises Price Target on Symantec (SYMC) to $27; Reiterates Hold
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst PT Change
Related EntitiesJefferies & Co
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!