Deutsche Bank Reiterates AmerisourceBergen Hold Rating (ABC)

Deutsche Bank reiterated its AmerisourceBergen ABC Hold rating in a research report published today. In the report, Deutsche Bank states, "This was a relatively solid start to the year for ABC, with all core metrics coming in at to slightly above plan (although they were aided by a one‐time benefit). However, the reaffirmed guidance once again supports our view of a limited growth outlook for ABC this year due to challenging comps for specialty generics as well as the expected loss of a couple retail customers (due to M&A). Given a deceleration in growth and a fair risk/reward profile, we reiterate our Hold rating. We will do a more thorough review following the company's conference call." Shares of AmerisourceBergen were at $35.11 at the time of posting, down 0.79% from Thursday's market close.