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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

MCD

McDonald's

$157.93

-1.83 (-1.15%)

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IBM

IBM

$144.44

0.98 (0.68%)

17:56
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IBM says its well in advance of its prior cycle »

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AXP

American Express

$102.98

1.84 (1.82%)

17:45
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Breaking Hot Stocks news story on American Express »

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  • 18

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CENX

Century Aluminum

$14.90

0.13 (0.88%)

, AA

Alcoa

$47.90

-0.105 (-0.22%)

17:44
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Hot Stocks
Century Aluminum falls after peer Alcoa cuts EBITDA view »

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CENX

Century Aluminum

$14.90

0.13 (0.88%)

AA

Alcoa

$47.90

-0.105 (-0.22%)

03/08/13
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  • 18

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  • 01

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AMZN

Amazon.com

$1,842.36

-1.64 (-0.09%)

, CSCO

Cisco

$42.20

-0.13 (-0.31%)

17:34
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17:34
Periodicals
Amazon not planning to challenge Cisco with switch sales, MarketWatch says »

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AMZN

Amazon.com

$1,842.36

-1.64 (-0.09%)

CSCO

Cisco

$42.20

-0.13 (-0.31%)

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  • 18

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    Aug

  • 04

    Sep

DISCA

Discovery

$26.57

0.18 (0.68%)

, DISCK

Discovery Inc.

$24.78

0.17 (0.69%)

17:33
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17:33
Hot Stocks
Discovery extends contract for president, CEO David Zaslav »

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DISCA

Discovery

$26.57

0.18 (0.68%)

DISCK

Discovery Inc.

$24.78

0.17 (0.69%)

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  • 07

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  • 09

    Aug

AXP

American Express

$102.98

1.84 (1.82%)

17:32
07/18/18
07/18
17:32
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17:32
Hot Stocks
Breaking Hot Stocks news story on American Express »

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  • 18

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  • 08

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IRDM

Iridium

$17.85

-0.35 (-1.92%)

17:29
07/18/18
07/18
17:29
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17:29
Hot Stocks
Breaking Hot Stocks news story on Iridium »

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  • 26

    Jul

DDR

DDR Corp.

$13.88

-0.46 (-3.21%)

17:29
07/18/18
07/18
17:29
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17:29
Syndicate
Breaking Syndicate news story on DDR Corp. »

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  • 25

    Jul

EBAY

eBay

$37.95

0.13 (0.34%)

17:28
07/18/18
07/18
17:28
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Hot Stocks
eBay says significant product changes scheduled for 2H18 »

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  • 18

    Jul

AXP

American Express

$102.98

1.84 (1.82%)

17:26
07/18/18
07/18
17:26
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17:26
Hot Stocks
American Express: Over 60% of loan growth in Q2 came from existing customers »

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  • 18

    Jul

  • 08

    Aug

EBAY

eBay

$37.95

0.13 (0.34%)

17:24
07/18/18
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Hot Stocks
eBay says strong U.S. dollar to negatively impact FY18 revenue »

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  • 18

    Jul

RESN

Resonant

$4.68

-0.14 (-2.90%)

17:17
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Resonant engages LHA for strategic investor relations services »

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  • 14

    Aug

KMI

Kinder Morgan

$17.78

0.09 (0.51%)

17:16
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Kinder Morgan CEO Steve Kean comments on Kinder Morgan Canada Limited »

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  • 18

    Jul

IBM

IBM

$144.44

0.98 (0.68%)

17:15
07/18/18
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Hot Stocks
IBM says Q2 revenue performance was driven by security and cloud segments »

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  • 18

    Jul

  • 06

    Aug

IWSY

ImageWare

$0.00

(0.00%)

17:15
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ImageWare extends global reach into Japanese market with TwoFive pact »

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LMT

Lockheed Martin

$319.86

2.48 (0.78%)

17:15
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Lockheed Martin awarded $164M U.S. Department of Defense contract modification »

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  • 24

    Jul

SWK

Stanley Black & Decker

$138.27

2.57 (1.89%)

17:14
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Stanley Black & Decker raises quarterly dividend 3c to 66c per share »

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  • 20

    Jul

BA

Boeing

$360.23

3.28 (0.92%)

17:14
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Boeing awarded $264M U.S. Department of Defense contract »

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  • 25

    Jul

TAC

TransAlta

$5.30

0.05 (0.95%)

17:13
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  • 03

    Aug

IWSY

ImageWare

$0.00

(0.00%)

17:13
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ImageWare provides interim sales update »

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MWA

Mueller Water

$11.93

0.16 (1.36%)

17:13
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07/18
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Mueller Water names Steven Heinrichs chief compliance officer »

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  • 07

    Aug

EBAY

eBay

$37.95

0.13 (0.34%)

17:12
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eBay says expects core GMV growth acceleration in 2H18 »

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  • 18

    Jul

SPWH

Sportsman's Warehouse

$5.23

-0.16 (-2.97%)

17:11
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07/18
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17:11
Syndicate
Sportsman's Warehouse files to sell 2.82M shares of common stock for holders »

D.A. Davidson & Co.…

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  • 19

    Jul

FB

Facebook

$209.35

-0.64 (-0.30%)

17:09
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07/18
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Periodicals
Facebook to start removing false info meant to incite violence, CNBC says »

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  • 25

    Jul

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    Sep

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