KeyBanc analyst Scott Schoenhaus lowered the firm’s price target on Omnicell to $70 from $75 and keeps an Overweight rating on the shares. The firm lowered its profitability metrics to reflect less operating leverage than it was previously modeling in a reduced demand environment, partially offset by 9% workforce reduction, from which KeyBanc estimates $50M of cost savings annually.
Published first on TheFly
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