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ABC

AmerisourceBergen

$89.45

0.26 (0.29%)

, WBA

Walgreens Boots Alliance

$68.46

(0.00%)

04:49
02/13/18
02/13
04:49
02/13/18
04:49

Walgreens made takeover approach to AmerisourceBergen, WSJ reports

Walgreens Boots Alliance (WBA) reached out several weeks ago to Amerisource (WBA) to discuss the possibility of buying the portion of Amerisource it doesn't already own, though there isn't an offer on the table, Wall Street Journal reported last night, citing people familiar with the matter. The companies are in early-stage talks to combine and no deal is imminent, the Journal added. AmerisourceBergen in premarket trading is up 16%, or $14.05, to $103.50. Walgreens closed yesterday at $68.46. AmerisourceBergen peer McKesson (MCK) is up 1% to $151.02 in the premarket. Reference Link

ABC

AmerisourceBergen

$89.45

0.26 (0.29%)

WBA

Walgreens Boots Alliance

$68.46

(0.00%)

MCK

McKesson

$149.02

0.09 (0.06%)

  • 17

    Feb

ABC AmerisourceBergen
$89.45

0.26 (0.29%)

02/07/18
FBCO
02/07/18
NO CHANGE
Target $112
FBCO
Outperform
AmerisourceBergen price target raised to $112 from $105 at Credit Suisse
Credit Suisse analyst Erin Wilson Wright raised her price target for AmerisourceBergen to $112 from $105 on valuation after quarterly results. The analyst reiterates an Outperform rating on the shares.
01/30/18
NEED
01/30/18
NO CHANGE
Target $117
NEED
Buy
AmerisourceBergen price target raised to $117 from $108 at Needham
Needham analyst Kevin Caliendo raised his AmerisourceBergen price target to $117 and kept his Buy rating ahead of Q4 earnings. Caliendo says the FY18 guidance will be the focal point and may see an upgrade as a result of positive U.S. tax changes. The analyst adds that his latest meeting with the company management gave him confidence that AmerisourceBergen can meet earnings over the coming quarters.
01/24/18
LEER
01/24/18
NO CHANGE
LEER
Amazon's prescription drug market entry likely to be slow, says Leerink
Leerink analyst David Larsen believes there is a high likelihood that Amazon (AMZN) will enter the prescription drug market, but thinks it may take years for the company to become a meaningful and relevant entity in the channel. The analyst expects Amazon will start off small, and does not believe it will seek to do a big acquisition initially. Ultimately, Amazon may simply become another mail-order pharmacy that buys its product from AmerisourceBergen (ABC), he contends, adding that the massive Amazon related sell-off in CVS (CVS) and Walgreens Boots Alliance (WBA) in late 2017 view was over-done.
02/12/18
COWN
02/12/18
NO CHANGE
COWN
Recent pullback in drug distributors a buying opportunity, says Cowen
Cowen analyst Charles Ryhee said the recent pullback in drug distributors is unwarranted given the space's improving underlying fundamentals. He said the core distribution business is seeing stable generic pricing for both buy-side and sell-side and he believes concerns regarding likely proposed Medicare Part B changes are overblown. Ryhee reiterated his Outperform rating on both McKesson (MCK) and AmerisourceBergen (ABC) shares.
WBA Walgreens Boots Alliance
$68.46

(0.00%)

01/03/18
LOOP
01/03/18
NO CHANGE
Target $90
LOOP
Buy
High flu incidence to boost Walgreens Boots Alliance earnings, says Loop Capital
Loop Capital analyst Andrew Wolf says the "much higher" than normal rate of flu incidence this season bodes positively for Walgreens Boots Alliance, which is set to report its Q1 earnings tomorrow. Wolf keeps his Buy rating and $90 price target on the company, but raises is Q1 and FY18 EPS projections by 5c per share.
01/04/18
EVER
01/04/18
INITIATION
Target $80
EVER
Outperform
Walgreens Boots Alliance initiated with an Outperform at Evercore ISI
Evercore ISI started Walgreens Boots Alliance with an Outperform rating and $80 price target.
01/09/18
FBCO
01/09/18
NO CHANGE
Target $97
FBCO
Outperform
Walgreens Boots Alliance removed from U.S. Focus List at Credit Suisse
Credit Suisse's Investment Policy Committee has removed Walgreens Boots Alliance from its U.S. Focus List, as the stock is no longer considered one of its top investment ideas. The firm has an Outperform rating and $97 price target on the shares.
MCK McKesson
$149.02

0.09 (0.06%)

01/23/18
NEED
01/23/18
NO CHANGE
Target $180
NEED
Buy
McKesson price target raised to $180 from $173 at Needham
Needham analyst Kevin Caliendo raised his price target on McKesson to $180 and kept his Buy rating ahead of the company's Q3 earnings next week. The analyst expects McKesson to update on the impact of U.S. corporate tax changes on earnings, anticipating it to be a net positive with a forward rate below the currently projected 24% in FY18.
01/24/18
JEFF
01/24/18
UPGRADE
Target $205
JEFF
Buy
McKesson upgraded to Buy from Hold at Jefferies
Jefferies analyst Brian Tanquilut upgraded McKesson to Buy and raised his price target for the shares to $205 from $165. The combination of stabilizing generic drug pricing, a discounted valuation relative to peers and higher earnings estimates due to tax reform will "boost investor interest this year and push the stock's multiple to more appropriate levels," Tanquilut tells investors in a research note. He sees 20% upside from current share levels.
01/24/18
01/24/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. McKesson (MCK) upgraded to Buy from Hold at Jefferies analyst Brian Tanquilut saying the combination of stabilizing generic drug pricing, a discounted valuation relative to peers and higher earnings estimates due to tax reform will "boost investor interest this year and push the stock's multiple to more appropriate levels." 2. Cree (CREE) upgraded to Hold from Sell at Williams Capital. 3. 3M (MMM) upgraded to Buy from Neutral at Hilliard Lyons with analyst Spencer Joyce saying he sees as a tactical opportunity ahead of its earnings report as he expects estimates to rise following the company's fourth quarter earnings release. 4. Energen (EGN) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Evan Calio saying he expects oil markets to tighten and gas to remain weak in 2018. 5. Capital City Bank (CCBG) was upgraded to Outperform from Market Perform at Hovde Group and to Hold from Sell at Sandler O'Neill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

NOV

National Oilwell

$42.23

0.74 (1.78%)

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  • 27

    Jul

ROKU

Roku

$44.92

1.62 (3.74%)

, AMZN

Amazon.com

$1,724.06

7.81 (0.46%)

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Roku

$44.92

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Amazon.com

$1,724.06

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BHVN

Biohaven Pharmaceutical

$41.61

0.82 (2.01%)

20:10
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  • 25

    Jun

SPY

SPDR S&P 500 ETF Trust

$276.58

-0.42 (-0.15%)

, SPX

S&P 500

$0.00

(0.00%)

19:54
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Periodicals
U.S. Trade Rep asked to identify $200B in China goods for 10% tariff, CNBC says »

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SPY

SPDR S&P 500 ETF Trust

$276.58

-0.42 (-0.15%)

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S&P 500

$0.00

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FXI

iShares China Large-Cap ETF

$46.25

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SPX

S&P 500

$0.00

(0.00%)

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SPDR S&P 500 ETF Trust

$276.58

-0.42 (-0.15%)

19:39
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General news
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SPDR S&P 500 ETF Trust

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$276.58

-0.42 (-0.15%)

19:35
06/18/18
06/18
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19:35
General news
Trump directs USTR to identify $200B in China goods for tariffs, Bloomberg says »

Trump says he intends to…

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S&P 500

$0.00

(0.00%)

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SPDR S&P 500 ETF Trust

$276.58

-0.42 (-0.15%)

FXI

iShares China Large-Cap ETF

$46.25

-0.565 (-1.21%)

03/08/13
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INTU

Intuit

$209.07

0.14 (0.07%)

19:30
06/18/18
06/18
19:30
06/18/18
19:30
Upgrade
Intuit rating change at Stifel »

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  • 10

    Jul

DPS

Dr Pepper Snapple

$121.77

0.32 (0.26%)

19:26
06/18/18
06/18
19:26
06/18/18
19:26
Downgrade
Dr Pepper Snapple rating change at Stifel »

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T

AT&T

$32.20

-0.97 (-2.92%)

, NFLX

Netflix

$390.27

-1.56 (-0.40%)

19:24
06/18/18
06/18
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19:24
Periodicals
AT&T plans to reduce commercials and offer smaller cable bundles, Reuters says »

The CEO of…

T

AT&T

$32.20

-0.97 (-2.92%)

NFLX

Netflix

$390.27

-1.56 (-0.40%)

03/08/13
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  • 18

    Jun

  • 16

    Jul

TSLA

Tesla

$370.78

12.76 (3.56%)

19:14
06/18/18
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19:14
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19:14
Periodicals
Tesla to cut hundreds of jobs at Fremont plant, SVBJ reports »

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  • 09

    Jul

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    Jul

  • 12

    Jul

ZTCOY

ZTE Corp.

$0.00

(0.00%)

19:03
06/18/18
06/18
19:03
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19:03
Periodicals
Senate passes military funding bill that reimposes sanctions on ZTE, CNBC says 

Reference Link

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  • 10

    Sep

PLM

PolyMet Mining

$1.02

0.005 (0.50%)

19:01
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06/18
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VIVE

Viveve

$3.82

0.09 (2.41%)

, ACAD

Acadia

$15.82

0.05 (0.32%)

18:50
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On The Fly: After Hours Movers »

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VIVE

Viveve

$3.82

0.09 (2.41%)

ACAD

Acadia

$15.82

0.05 (0.32%)

FLNT

Fluent

$2.90

(0.00%)

CL

Colgate-Palmolive

$63.30

-1.43 (-2.21%)

PAGS

PagSeguro Digital

$32.16

-1.24 (-3.71%)

TELL

Tellurian

$10.87

-0.19 (-1.72%)

DEA

Easterly Government Properties

$20.17

0.14 (0.70%)

03/08/13
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  • 19

    Jun

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    Jun

DENN

Denny's

$15.82

0.085 (0.54%)

18:43
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Hot Stocks
Denny's CEO sells 48,767 common shares »

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  • 19

    Jun

PI

Impinj

$22.25

-0.13 (-0.58%)

18:38
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Recommendations
Impinj analyst commentary at Piper Jaffray »

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AAL

American Airlines

$42.44

-0.32 (-0.75%)

18:27
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Periodicals
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  • 26

    Jun

FLNT

Fluent

$2.90

(0.00%)

18:16
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Fluent CEO discloses purchase of $250K in common stock »

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VSAR

Versartis

$2.40

-0.1 (-4.00%)

17:34
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Breaking Hot Stocks news story on Versartis »

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QRVO

Qorvo

$85.79

0.65 (0.76%)

17:31
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Qorvo names Paul Fego as corporate VP of global operations »

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  • 18

    Jun

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    Jun

GWB

Great Western

$44.43

0.235 (0.53%)

17:31
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17:31
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17:31
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Great Western names Karlyn Knieriem chief risk officer »

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WFC

Wells Fargo

$55.08

0.09 (0.16%)

17:29
06/18/18
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17:29
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Wells Fargo to overhaul Wealth Management business, WSJ reports »

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  • 18

    Jun

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    Apr

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    Oct

RYTM

Rhythm Pharmaceuticals

$28.81

-3.8 (-11.65%)

17:27
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06/18
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17:27
Syndicate
Rhythm Pharmaceuticals files $150M common stock offering »

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  • 25

    Jun

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    Jun

JWN

Nordstrom

$51.60

1.11 (2.20%)

17:21
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06/18
17:21
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17:21
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Nordstrom analyst commentary at Tigress Financial »

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GD

General Dynamics

$195.97

0.17 (0.09%)

17:09
06/18/18
06/18
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17:09
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General Dynamics awarded $225M U.S. Navy contract modification »

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ARQL

ArQule

$5.00

(0.00%)

17:09
06/18/18
06/18
17:09
06/18/18
17:09
Hot Stocks
Breaking Hot Stocks news story on ArQule »

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