Omnicell price target lowered to $53 from $64 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Omnicell (OMCL) to $53 from $64 and keeps a Buy rating on the shares. The firm notes the company reported a strong Q1, with revenues growing 10%, a six-cent beat on adjusted EPS, and management noting increased interest in all their offerings. However, as expected, due to the turmoil surrounding tariffs, Omnicell guided down adjusted EBITDA and adjusted EPS, as tariffs are expected to reduce product gross margins by about 5%.