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A report released today by Needham about AmerisourceBergen (NYSE:ABC) raises the target price to $88.00

Yesterday AmerisourceBergen (NYSE:ABC) traded -0.17% lower at $76.95. The company’s 50-day moving average is $80.74 and its 200-day moving average is $86.89. The last closing price is down -4.77% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time period. 2,206,922 shares of the stock traded hands, up from an average trading volume of 1,555,340

In a report released on 11/23/2017 Needham increased the target price of AmerisourceBergen (NYSE:ABC) from $86.00 to $88.00 indicating a possible upside of 0.14%.

Previously on 11/22/2017, Needham reported on AmerisourceBergen (NYSE:ABC) increased the target price from $86.00 to $88.00. At the time, this indicated a possible upside of 0.14%.

See Chart Below

AmerisourceBergen (NYSE:ABC)

AmerisourceBergen has a 52 week low of $68.38 and a 52 week high of $97.85 with a P/E ratio of 21.56 The company’s market cap is currently $0.

Also covering AmerisourceBergen's price target, a total of 15 brokerages have released a research note on AmerisourceBergen. The 12-month price target is $85.40 with four brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 12 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the company a sell.

More About AmerisourceBergen (NYSE:ABC)

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company's segments include Pharmaceutical Distribution and Other. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers. As of June 30, 2016, the Pharmaceutical Distribution segment consists of two operating segments, including the operations of AmerisourceBergen Drug Corporation (ABDC) and AmerisourceBergen Specialty Group (ABSG), which distributes specialty drugs to their customers. Servicing healthcare providers in the pharmaceutical supply channel, the Pharmaceutical Distribution segment's operations provide drug distribution and related services. The Other segment consists of the operations of various segments, including the AmerisourceBergen Consulting Services (ABCS), the World Courier Group, Inc. and the MWI Veterinary Supply, Inc. ABSG operates distribution facilities that focus primarily on complex disease treatment regimens.

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