As previously reported, BofA analyst Allen Lutz upgraded Omnicell (OMCL) to Buy from Neutral with a price target of $70, up from $53, as the firm sees a significant upside revision cycle driven by the launch of Omnicell’s Titan XT product, its first new automated dispensing cabinet since 2017. The firm’s updated revenue and EBITDA estimates in 2027 and 2028 are 8% and 23% ahead of the Street, respectively, the analyst noted.
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