Wells Fargo analyst Connor Siversky added Omega Healthcare to the firm’s Q3 2023 Tactical Ideas List, while keeping an Overweight rating and a price target of $32 on the shares. Wells believes Omega Healthcare’s SNF portfolio is positioned to capture demand for nursing care and will likely exhibit improving occupancy and rent coverage. Minimum Staffing remains a sticking point, and may emerge as a “sell the news” story in the coming weeks, the firm notes.
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