Are Analysts Bearish AmerisourceBergen Corp. (NYSE:ABC) After Last Week?

June 19, 2017 - By Peter Erickson

 Are Analysts Bearish AmerisourceBergen Corp. (NYSE:ABC) After Last Week?

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 “Buy” rating given on Thursday, January 12 by Bank of America. The stock of AmerisourceBergen Corp. (NYSE:ABC) has “Mkt Perform” rating given on Friday, November 4 by Leerink Swann. The company was downgraded on Tuesday, January 3 by Mizuho. The rating was upgraded by Zacks to “Buy” on Thursday, September 17. The firm earned “Buy” rating on Friday, February 5 by UBS. The firm has “Hold” rating by Zacks given on Tuesday, August 25. The company was maintained on Wednesday, November 18 by Mizuho. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, November 17 report. As per Friday, October 2, the company rating was downgraded by Morgan Stanley. The stock of AmerisourceBergen Corp. (NYSE:ABC) has “Market Perform” rating given on Wednesday, January 6 by Raymond James. 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: which released: “3 Big Stock Charts for Friday: Anthem Inc (ANTM), AmerisourceBergen Corp. (ABC …” on June 02, 2017, also published article titled: “AmerisourceBergen announces new organizational structure”, published: “AmerisourceBergen Corp Long Case” on May 19, 2017. More interesting news about AmerisourceBergen Corp. (NYSE:ABC) was released by: and their article: “AmerisourceBergen Reaches Analyst Target Price” with publication date: June 16, 2017.

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