Ownes & Minor (OMI) Tops Q1 EPS by 1c, reaffirms guidance
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Owens & Minor (OMI) PT Lowered to $18 at BofA Securities
May 6, 2024 5:52 AM EDTBofA Securities analyst Michael Cherny lowered the price target on Owens & Minor (NYSE: OMI) to $18.00 (from $19.00) while maintaining a Underperform rating.
The analyst comments "OMIs Products and Healthcare Services (P&HS) saw growth accelerate in 1Q, likely driven by utilization. However, in the more important Patient Direct (PD) business, growth decelerated, and margins compressed due to investments. While... More
