Is there a Bearish outlook for AmerisourceBergen Corp. (NYSE:ABC) this week?

June 19, 2017 - By Kurt Siggers

 Is there a Bearish outlook for AmerisourceBergen Corp. (NYSE:ABC) this 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. Mizuho upgraded it to “Buy” rating and $83 target in Wednesday, November 9 report. On Tuesday, August 25 the stock rating was upgraded by Zacks to “Hold”. Zacks downgraded AmerisourceBergen Corp. (NYSE:ABC) on Thursday, August 27 to “Buy” rating. The firm earned “Market Perform” rating on Wednesday, January 6 by Raymond James. Mizuho maintained it with “Neutral” rating and $105 target in Wednesday, November 18 report. The firm earned “Mkt Perform” rating on Friday, May 6 by FBR Capital. The rating was initiated by UBS on Thursday, October 6 with “Neutral”. The stock has “Outperform” rating by RBC Capital Markets on Friday, February 5. Bank of America maintained the stock with “Neutral” rating in Tuesday, June 7 report. On Thursday, August 11 the stock rating was maintained by Mizuho with “Neutral”. 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: Investorplace.com which released: “3 Big Stock Charts for Friday: Anthem Inc (ANTM), AmerisourceBergen Corp. (ABC …” on June 02, 2017, also Seekingalpha.com published article titled: “AmerisourceBergen announces new organizational structure”, Nasdaq.com published: “AmerisourceBergen Reaches Analyst Target Price” on June 16, 2017. More interesting news about AmerisourceBergen Corp. (NYSE:ABC) was released by: Valuewalk.com and their article: “AmerisourceBergen Corp Long Case” with publication date: May 19, 2017.

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