Leerink Partners Downgrades AmerisourceBergen (ABC) to Market Perform on Deteriorating Fundamentals
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Go back to Leerink Partners Downgrades AmerisourceBergen (ABC) to Market Perform on Deteriorating Fundamentals
November 3, 2016 8:42 AM EDT
UBS 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
November 2, 2016 6:34 AM EDT
AmerisourceBergen (NYSE: ABC) reported Q4 EPS of $1.30, $0.07 better than the analyst estimate of $1.23. Revenue for the quarter came in at $37.6 billion versus the consensus estimate of $37.85 billion.
The Company also announced that its Board of Directors authorized a new $1 billion regular share repurchase program which, together with available capacity under the existing regular share repurchase program, permits the Company to purchase up to $1.1 billion in shares of its common stock,... More
