AmerisourceBergen (ABC) Tops Q4 EPS by 7c; Approves New $1B Stock Buyback CEO Collis 'Pleased' with Performance
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Leerink Partners Downgrades AmerisourceBergen (ABC) to Market Perform on Deteriorating Fundamentals
November 4, 2016 7:21 AM EDTLeerink Partners downgraded AmerisourceBergen (NYSE: ABC) from Outperform to Market Perform with a price target of $75.00 (from $100.00) citing deteriorating fundamentals.
Analyst David Larsen commented, "We are downgrading shares of ABC to Market Perform. Following the quarter, and after working through our... More
UBS Cuts Estimates on AmerisourceBergen (ABC) Following 4Q
November 3, 2016 8:42 AM EDTUBS reiterated a Neutral rating on AmerisourceBergen (NYSE: ABC), and cut the price target to $80.00 (from $87.00), following the company's 4Q earnings report. UBS reduced estimates to account for incremental pricing pressures, with FY17 EPS down from $5.83 to $5.70 and our FY18 EPS from $6.49 to $6.31. The key focal points moving forward will be... More
