Barclays Maintains an 'Equalweight' on Omnicare (OCR); New CEO, Come on Down

Barclays maintains an 'Equalweight' on Omnicare (NYSE: OCR) price target of $37.00.

Analyst, Lawrence C. Marsh, expects the company to formally announce the name of a new CEO this week. Currently, Marsh believes that interim CEO, current President/CFO, John Workman is the leading candidate. A confirmation would be viewed constructively.

Workman is well respected and the markets should view that announcement positively. At the same time, a possible stock buyback announcement (along with a normal dividend declaration) would be additional boost to the share price.

For an analyst ratings summary and ratings history on Omnicare click here. For more ratings news on Omnicare click here.

Shares of Omnicare closed at $33.44 yesterday.

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