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Friday, October 5, 2018

Omnicell price target raised to $79 after product launches at Benchmark


Benchmark analyst Bill Sutherland said Omnicell appears to be entering a multi-year period of above-average growth and expanding margins following the recent launch of several products. He expects bookings momentum to continue to build and thinks margin growth could exceed current 2019-2020 consensus, Sutherland added. He raised his price target on Omnicell shares to $79 from $66 and keeps a Buy rating on the stock.

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