UBS Starts Owens & Minor (OMI) at Sell
- Stocks dip as earnings pour in, consumer discretionary lags
- UPDATE: Alphabet (GOOG) Tops Q3 EPS Views; Revs Strong
- Baker Hughes (BHI), General Electric (GE) in Partnership Talks, Not Merger Talks
- Cirrus Logic, Inc. (CRUS) Q2 Results and Guidance Beat Estimates
- Amazon.com (AMZN) Misses Q3 EPS by 26c, Offers Q4 Guidance
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
UBS initiates coverage on Owens & Minor (NYSE: OMI) with a Sell rating and a price target of $31.50.
Analyst Michael Cherny commented, "We are initiating coverage on Owens & Minor with a Sell rating and a $31.50 price target. We recognize the early steps being taken by management to position the company for the shift towards solving healthcare’s complexities and expanding its services offerings. However, the implementation of these items will take time to come to fruition, and in the meantime the headwinds created by the Kaiser contract, combined with general slow utilization, will hamper EPS growth."
Shares of Owens & Minor closed at $33.68 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Rosenblatt Upgrades NETGEAR (NTGR) to Buy
- Jefferies Raises Price Target on Western Digital (WDC) to $75; Reiterates Buy
- Jefferies Raises Price Target on VMware (VMW) to $91 Following Better Than Expected 3Q
Create E-mail Alert Related CategoriesAnalyst Comments, Hot New Coverage, New Coverage
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!