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ABC

AmerisourceBergen

$76.70

1.14 (1.51%)

, ARMK

Aramark

$30.20

0.34 (1.14%)

13:32
01/09/19
01/09
13:32
01/09/19
13:32

AmerisourceBergen names Silvana Battaglia as Chief Human Resources Officer

AmerisourceBergen (ABC) announced the appointment of Silvana Battaglia to its executive team as Executive Vice President and Chief Human Resources Officer. In this role, Battaglia will lead all aspects of human resources across the enterprise. Most recently at Aramark (ARMK), Battaglia set strategic direction, designed and implemented solutions to improve employee engagement across 22 countries and developed workforce strategies to enable business growth and increase competitiveness.

ABC

AmerisourceBergen

$76.70

1.14 (1.51%)

ARMK

Aramark

$30.20

0.34 (1.14%)

  • 31

    Jan

ABC AmerisourceBergen
$76.70

1.14 (1.51%)

07/20/18
07/20/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BOFA CUTS YUM CHINA TO UNDERPERFORM: BofA Merrill Lynch analyst Chen Luo downgraded Yum China (YUMC) to Underperform from Neutral and cut its price target to $34 from $44.30. Luo said he expects Yum China to continue to underperform given a likely peak in KFC trends amid China's weakening macro environment, a likely prolonged turnaround at Pizza Hut combined with heavy costs, a slowdown in Chinese consumer consumption, and RMB depreciation. Yum China is down 4.8% in late morning trading. CREDIT SUISSE CUTS FIVE BELOW TO NEUTRAL: Credit Suisse analyst Judah Frommer downgraded Five Below (FIVE) to Neutral from Outperform, telling investors that he is moving to the sidelines as he sees risk/reward balanced at current levels given the stock's material outperformance and back-half comp acceleration that he believes is priced into shares. Frommer keeps his $110 price target and says Five Below remains one of the most differentiated concepts in retail. Five Below is down 4.4% in late morning trading. BAIRD MORE CAUTIOUS ON DRUG SUPPLY CHAIN: Baird analyst Eric Coldwell downgraded Express Scripts (ESRX), AmerisourceBergen (ABC), and McKesson (MCK), all to Neutral from Outperform, citing the heavy political attack in recent weeks against pharmacy benefit managers and members of the drug supply chain. Among them, he said AmerisourceBergen remains his preferred name, but he cannot justify putting new money to work in these names in the current environment. SUNTRUST STARTS VIKING WITH A BUY: SunTrust analyst Edward Nash initiated Viking Therapeutics (VKTX) with a Buy rating and a price target of $14, saying its VK2809 drug for lipid disorders "has the potential to become a promising treatment by addressing multiple metabolic issues" associated with the non-alcoholic steatohepatitis disease, or NASH. Viking is up 8.3% in late morning trading. JPMORGAN SAYS BUY GM, SELL TESLA INTO EARNINGS: JPMorgan analyst Ryan Brinkman forecast lower than consensus Q2 earnings for Ford (F) and higher than consensus earnings for General Motors (GM). The analyst is also concerned about the potential for a "large loss and accompanying large cash outflow" at Tesla (TSLA) in Q2 to "make the bridge" to GAAP profitability and positive cash generation in the second half of the year. Brinkman maintained Overweight ratings on GM and Ford, with a preference for GM shares. He also kept his cautious Underweight rating on Tesla shares, seeing 44% downside to his $180 December 2018 price target.
07/20/18
07/20/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Philip Morris (PM) downgraded to Neutral from Overweight at JPMorgan and to Market Perform from Outperform at Cowen. 2. Skechers (SKX) downgraded to Neutral from Positive at Susquehanna and to Market Perform from Outperform at Wells Fargo. 3. McKesson (MCK), AmerisourceBergen (ABC), and Express Scripts (ESRX) downgraded to Neutral from Outperform at Baird. 4. Five Below (FIVE) downgraded to Neutral from Outperform at Credit Suisse with analyst Judah Frommer saying he is moving to the sidelines as he sees risk/reward balanced at current levels given the stock's material outperformance and back-half comp acceleration that he believes is priced into shares. 5. Yum China (YUMC) downgraded to Underperform from Neutral at BofA/Merrill with analyst Chen Luo saying he expects Yum China to continue to underperform given a likely peak in KFC trends amid China's weakening macro environment, a likely prolonged turnaround at Pizza Hut combined with heavy costs, a slowdown in Chinese consumer consumption, and RMB depreciation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/20/18
BARD
07/20/18
DOWNGRADE
BARD
Neutral
Express Scripts, AmerisourceBergen, McKesson cut to Neutral at Baird
As previously reported, Baird analyst Eric Coldwell downgraded Express Scripts (ESRX), AmerisourceBergen (ABC) and McKesson (MCK), all to Neutral from Outperform, citing the heavy political attack in recent weeks against PBMs and members of the drug supply chain. Among them, he said AmerisourceBergen remains his preferred name, but he cannot justify putting new money to work in these names in the current environment, stating that visibility has deteriorated further across the supply chain.
07/20/18
BARD
07/20/18
DOWNGRADE
BARD
Neutral
AmerisourceBergen downgraded to Neutral from Outperform at Baird
ARMK Aramark
$30.20

0.34 (1.14%)

12/13/18
RBCM
12/13/18
NO CHANGE
Target $44
RBCM
Outperform
Aramark price target lowered to $44 from $47 at RBC Capital
RBC Capital analyst Seth Weber lowered his price target on Aramark to $44 after its below-consensus FY19 EPS guidance at its Analyst Day and "underwhelming" 3-year financial targets that "overshadowed" the company's progress on margins in FY18. The analyst also keeps his Outperform rating on Aramark and believes that the weakness in the shares is a "buying opportunity" for the company with a "repeatable model, 10%+ EPS growth, and position within an outsourcing framework, with valuation well below historical levels."
12/12/18
BARD
12/12/18
NO CHANGE
Target $39
BARD
Outperform
Aramark price target cut to $39 from $44 at Baird
Baird analyst Andrew Wittmann reiterated an Outperform rating on Fresh Pick-designated Aramark but lowered his price target to $39 from $44 after initial guidance for 2019 "surprised" and "disappointed," even adjusted for items. However, Wittmann contends in a research note to investors that Aramark offers defensive-oriented growth at a reasonable price, and management has improved the company since the IPO. Recovery from what appears to be a near-term over-sold condition also offers opportunity into year-end, he adds.
11/19/18
RBCM
11/19/18
INITIATION
Target $47
RBCM
Outperform
Aramark initiated with an Outperform at RBC Capital
RBC Capital analyst Seth Weber initiated Aramark with an Outperform rating and a price target of $47. The analyst cites the company's position as a "leading provider of outsourced food/catering, facilities, and uniform services to clients in the education, healthcare, business and industry, corrections, and sports and leisure markets" with a largely recurring revenue and a diverse customer mix. Weber also points to the 20% discount on Aramark relative to its historical valuation and also believes that its cost pressures are manageable. The analyst further states that the company's organic growth and margins have started to accelerate.
11/19/18
RBCM
11/19/18
INITIATION
Target $47
RBCM
Outperform
Aramark initiated with an Outperform at RBC Capital
RBC Capital analyst Seth Weber initiated Aramark with an Outperform rating and a price target of $47.

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