AmerisourceBergen Corporation (Holding Co) (ABC): Price Target and June Short Interest Disclosure

AmerisourceBergen Corporation (Holding Co) (ABC) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $105 and the lowest price target forecast is $77. The average forecast of all the analysts is $85.73 and the expected standard deviation is $7.27.

AmerisourceBergen Corporation (Holding Co) (ABC), A reduction of 314,937 shares or 3.1% was observed in the short interest of AmerisourceBergen Corporation The interest on June 30,2016 came in at 9,785,828 shares and as per the average daily trading of 2,556,708 shares, the days to cover are 4. The reduced interest is 5.4% of the floated shares. The data of June 15,2016 put the interest at 10,100,765 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Bank of America reinstates its rating on AmerisourceBergen Corporation (Holding Co) (NYSE:ABC). Analysts at the Bank of America have a current rating of Neutral on the shares. The rating by the firm was issued on June 7, 2016.


AmerisourceBergen Corporation (Holding Co) (NYSE:ABC): stock turned positive on Thursday. Though the stock opened at $85.35, the bulls momentum made the stock top out at $86.12 level for the day. The stock recorded a low of $85.255 and closed the trading day at $85.95, in the green by 1.20%. The total traded volume for the day was 2,035,706. The stock had closed at $84.93 in the previous days trading.

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company operates through two segments: Pharmaceutical Distribution and Other. The Company also provides data and other services to its manufacturing customers. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers. The Company provides pharmacy services to certain specialty drug patients. Additionally, the Company offers healthcare providers and pharmaceutical manufacturers with services, including reimbursement and pharmaceutical consulting services, logistics services, inventory management, pharmacy automation and pharmacy management. The Company has a distribution facility network totaling approximately 30 distribution facilities in the United States.

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