Citi Downgrades AmerisourceBergen to Hold, Slashes PT to $40

Citi downgraded its rating on AmerisourceBergen ABC from Buy to Hold. At the same time, the rating agency reduced its price target on the company's stock from $43 to $40. On Thursday, ABC closed the day at $38.72. ABC lost 0.52% of its value in today's pre-market trading to stand around $38.52.