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UBS Maintains Owens & Minor(OMI.US) With Buy Rating, Cuts Target Price to $25

Futu News ·  Nov 6 05:33  · Ratings

UBS analyst Kevin Caliendo maintains $Owens & Minor (OMI.US)$ with a buy rating, and adjusts the target price from $28 to $25.

According to TipRanks data, the analyst has a success rate of 54.7% and a total average return of 4.4% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Owens & Minor (OMI.US)$'s main analysts recently are as follows:

  • Owens & Minor's Q3 results presented a combination of expectations and variability, with revenues aligning with projections but segment profitability showing inconsistency. The company is actively addressing its eligibility backlog, which stems from the Change hack incident.

  • The company's third-quarter performance, which surpassed expectations, was counterbalanced by a reduction in the profitability outlook for fiscal year 2024 alongside concerns regarding negative free cash flow.

  • The company experienced a mixed quarter, with notable EBIT growth in the Patient Direct segment contrasting with weaker performance in Product & Health Services. The standout for the quarter was the robust operating margin observed in Patient Direct. However, there is a growing concern regarding margin pressure in medical distribution, which raises further questions about competitive movements within the industry and brings about a more cautious stance on the outlook for margin progression leading into 2025.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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