Omega Healthcare added to Q3 2023 Tactical Ideas List at Wells Fargo

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.