Owens & Minor (OMI) PT Raised to $68 at Baird, New Fresh Pick List Addition

Baird analyst Eric Coldwell raised the price target on Owens & Minor (NYSE: OMI) to $68.00 (from $60.00) while maintaining a Outperform rating and adding the Fresh Pick List.

The analyst comments "Initiating Fresh Pick and raising price target to $68. OMI traded off as much as 11.6% following Monday’s Apria acquisition announcement, but subsequently recovered to +0.6%. We view the initial reaction as irrational and believe OMI shares are dramatically undervalued. OMI is also among our Best Ideas of 2022."

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