Owens & Minor price target lowered to $18.50 from $21 at Citi

Citi lowered the firm’s price target on Owens & Minor to $18.50 from $21 and keeps a Buy rating on the shares. The company’s Q3 results “were a bit of a mixed bag,” as revenue was largely in line while segment profitability was volatile, the analyst tells investors in a research note. The firm says Owens continues to work through its eligibility backlog due to the Change hack.