Mizuho Securities Sticks to Its Hold Rating for AmerisourceBergen Corporation (ABC)

By Jason Carr

Mizuho Securities analyst Ann Hynes reiterated a Hold rating on AmerisourceBergen Corporation (NYSE: ABC) on August 10 and set a price target of $90. The company’s shares closed on Friday at $81.98.

According to TipRanks.com, Hynes is a 3-star analyst with an average return of 3.9% and a 55.9% success rate. Hynes covers the Services sector, focusing on stocks such as Encompass Health Corporation, Walgreens Boots Alliance, and Quest Diagnostics Inc.

AmerisourceBergen Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $93.33, a 13.8% upside from current levels. In a report issued on August 2, Robert W. Baird also reiterated a Hold rating on the stock with a $89 price target.

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AmerisourceBergen Corporation’s market cap is currently $17.78B and has a P/E ratio of 16.11. The company has a Price to Book ratio of 5.74.

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AmerisourceBergen Corp. engages provision of pharmaceutical products and business solutions that improve access to care. It operates through the Pharmaceutical Distribution and Other segments.