Mizuho Securities Upgrades AmerisourceBergen (ABC) to Buy Following Trump Win

November 9, 2016 7:48 AM EST
Get Alerts ABC Hot Sheet
Price: $84.25 -1.43%

Rating Summary:
    9 Buy, 11 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 30 | New: 23
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Mizuho Securities upgraded AmerisourceBergen (NYSE: ABC) from Neutral to Buy with a price target of $83.00 following Trump victory.

Analyst Ann Hynes commented, "They are our only Neutral ratings in the drug supply chain. We think rhetoric on drug pricing will diminish significantly, leading to more stable earnings (and potential upside) if/when changes in manufacturer drug pricing becomes more stable."

For an analyst ratings summary and ratings history on AmerisourceBergen click here. For more ratings news on AmerisourceBergen click here.

Shares of AmerisourceBergen closed at $69.03 yesterday.

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