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Owens & Minor price target lowered to $24 from $28 at Baird

Baird lowered the firm’s price target on Owens & Minor to $24 from $28 and keeps a Neutral rating on the shares. The firm suspects the pullback is overdone and would be unsurprised by near-term recovery but the stock might need time to digest the latest update and greater buy-in from Street on merits of investing in med-surg distribution and direct-to-patient businesses.

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