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UPDATE: Sterne Agee Initiates Coverage on AmerisourceBergen on Dominant Market Share

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In a report published Thursday, Sterne Agee analyst Greg T. Bolan initiated coverage on AmerisourceBergen Corp. (NYSE: ABC) with a Buy rating and $80.00 price target.

In the report, Sterne Agee noted, “With specialty drugs expected to capture an increasingly large footprint within the drug spend funnel, we believe ABC's dominant share within the specialty distribution channel will enable the company to achieve revenue growth and margins superior to those of its peers. Initiate with a Buy rating and $80 price target.”

AmerisourceBergen Corp. closed on Wednesday at $61.49.

Latest Ratings for ABC

DateFirmActionFromTo
May 2016Avondale PartnersDowngradesMarket OutperformMarket Perform
Apr 2016Avondale PartnersInitiates Coverage onMarket Outperform
Mar 2016Credit SuisseInitiates Coverage onOutperform

View More Analyst Ratings for ABC
View the Latest Analyst Ratings

Posted-In: Greg T. Bolan Sterne AgeeAnalyst Color Initiation Analyst Ratings

 

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