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Option Care Health price target lowered to $36 from $38 at Citizens JMP

Citizens JMP analyst Constantine Davides lowered the firm’s price target on Option Care Health (OPCH) to $36 from $38 and keeps an Outperform rating on the shares. Option Care’s Q3 revenue and gross profit topped the firm’s estimates, and Citizens tells investors in a research note that deployment toward Option’s own stock is a prudent use of capital. The firm remains constructive on Option Care given the company’s leading scale and market share, comprehensive therapeutic portfolio, differentiated platform, optionality from potential capital deployment and its meaningful discount to multiples paid in recent infusion transactions.

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