Market Overview

UPDATE: Credit Suisse Raises PT on AmerisourceBergen Corp. on Multi-Year Growth Outlook

Share:
Related ABC
Baird Maintains Outperform On Walgreens Ahead Of Earnings
Worst Performing Industries For May 10, 2016
Arnold Van Den Berg —nd Quarter: Cuts Back on Gold Miners, Gets More Bullish on Oil (GuruFocus)

In a report published Thursday, Credit Suisse analyst Glen Santangelo reiterated an Outperform rating on AmerisourceBergen Corp. (NYSE: ABC), and raised the price target from $61.00 to $64.00.

In the report, Credit Suisse noted, “Despite the significant move in the shares YTD (~+31%), we continue to believe that ABC remains an attractive investment given the multi-year growth outlook created by the cumulative benefit of the WAG relationship. We believe investors have been too myopically focused on the $0.25 (gross) accretion contribution in F14 and are failing to fully appreciate the bigger (multi-year) picture, which has created a competitive advantage for ABC.”

AmerisourceBergen Corp. closed on Wednesday at $56.55.

Latest Ratings for ABC

DateFirmActionFromTo
Jun 2016Bank of AmericaReinstatesNeutral
May 2016Avondale PartnersDowngradesMarket OutperformMarket Perform
Apr 2016Avondale PartnersInitiates Coverage onMarket Outperform

View More Analyst Ratings for ABC
View the Latest Analyst Ratings

Posted-In: Credit Suisse Glen SantangeloAnalyst Color Price Target Analyst Ratings

 

Related Articles (ABC)

View Comments and Join the Discussion!