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Fly News Breaks for May 16, 2018
OHI
May 16, 2018 | 08:25 EDT
Jefferies analyst Omotayo Okusanya upgraded Omega Healthcare to Hold and raised his price target for the shares to $27 from $21. The majority of the tenant credit issues at Omega have been addressed by management, Okusanya tells investors in a research note. As such, the analyst believes the dividend "seems safe from being cut." He also thinks positive reimbursement trends for fiscal 2019 demographic tailwinds could also serve as positive catalysts for the stock.
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