Goldman Sachs Adds AmerisourceBergen (ABC) to Conviction Buy, Removes McKesson (MCK)
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Price: $179.98 --0%
Rating Summary:
16 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
16 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs added AmerisourceBergen (NYSE: ABC) to Conviction Buy with a price target of $45 (up from $43). The firm sees greater upside in ABC versus McKesson (NYSE: MCK), which was removed from the list.
Goldman's analyst cited: (1) solid EPS growth in FY13 despite a tough generics comp and an attractive 2014 set-up; (2) potential for ESRX contract win (2% to FY13 EPS); and (3) upside from additional buybacks.
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 $36.08 yesterday.
Goldman's analyst cited: (1) solid EPS growth in FY13 despite a tough generics comp and an attractive 2014 set-up; (2) potential for ESRX contract win (2% to FY13 EPS); and (3) upside from additional buybacks.
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 $36.08 yesterday.
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