Can analysts adopt a bullish outlook for AmerisourceBergen Corp. (NYSE:ABC)?

June 19, 2017 - By Dolores Ford

 Can analysts adopt a bullish outlook for AmerisourceBergen Corp. (NYSE:ABC)?

AmerisourceBergen Corp. (NYSE:ABC) Ratings Coverage

Among 17 analysts covering AmerisourceBergen (NYSE:ABC), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. AmerisourceBergen has $130 highest and $9 lowest target. $93.20’s average target is 0.72% above currents $92.53 stock price. AmerisourceBergen had 36 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Mizuho given on Thursday, August 11. The rating was initiated by UBS with “Neutral” on Thursday, October 6. On Wednesday, January 6 the stock rating was downgraded by Raymond James to “Market Perform”. The company was upgraded on Monday, July 27 by TheStreet. The firm has “Hold” rating by Zacks given on Tuesday, August 25. The firm earned “Mkt Perform” rating on Thursday, February 4 by FBR Capital. Needham initiated AmerisourceBergen Corp. (NYSE:ABC) rating on Tuesday, April 4. Needham has “Buy” rating and $99 target. Mizuho maintained the shares of ABC in report on Tuesday, May 30 with “Hold” rating. The rating was upgraded by Avondale on Tuesday, October 4 to “Mkt Outperform”. Mizuho upgraded the stock to “Buy” rating in Wednesday, November 9 report. Below is a list of AmerisourceBergen Corp. (NYSE:ABC) latest ratings and price target changes.

30/05/2017 Broker: Mizuho Rating: Hold New Target: $93.0000 Maintain
17/05/2017 Broker: Jefferies Rating: Hold New Target: $95.00 Initiates Coverage On
04/04/2017 Broker: Needham Rating: Buy New Target: $99.00 Initiate
17/01/2017 Broker: Leerink Swann Old Rating: Market Perform New Rating: Outperform Old Target: $7.00 New Target: $9.00 Upgrade
12/01/2017 Broker: Bank of America Old Rating: Neutral New Rating: Buy Upgrade
03/01/2017 Broker: Mizuho Old Rating: Buy New Rating: Neutral New Target: $83 Downgrade

It closed at $92.53 lastly. It is down 18.80% since June 19, 2016 and is uptrending. It has outperformed by 2.10% the S&P500.

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The company has market cap of $19.80 billion. The Company’s divisions include Pharmaceutical Distribution and Other. It has a 17.92 P/E ratio. The Firm provides services to healthcare providers, and pharmaceutical and biotech manufacturers.

More important recent AmerisourceBergen Corp. (NYSE:ABC) news were published by: Nasdaq.com which released: “AmerisourceBergen Reaches Analyst Target Price” on June 16, 2017, also Valuewalk.com published article titled: “AmerisourceBergen Corp Long Case”, Seekingalpha.com published: “AmerisourceBergen announces new organizational structure” on June 19, 2017. More interesting news about AmerisourceBergen Corp. (NYSE:ABC) was released by: Investorplace.com and their article: “3 Big Stock Charts for Friday: Anthem Inc (ANTM), AmerisourceBergen Corp. (ABC …” with publication date: June 02, 2017.

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