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AmerisourceBergen
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It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
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VALLEY FORGE, Pa.-- AmerisourceBergen has sold its pharmaceutical packaging business, AndersonBrecon, to an investment group led by health care investor Frazier Healthcare. AmerisourceBergen Corp., a prescription drug distributor, said last month that it had agreed to sell the unit.
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*Credit Suisse raises price target to $61 from $57. For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on RCH/US Reuters 3000 Xtra users, double-click RCH/US Reuters Station users, click. 1568.
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*Baird cuts price target to $57 from $59. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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*Leerink Swann raises valuation range to $55- $60 from $40- $42; rating market. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on RCH/US Reuters 3000 Xtra users, double-click RCH/US Reuters Station users, click. 1568 For a summary of rating and price target changes on Canadian companies: Reuters Eikon users, click on RCH/CA Reuters 3000 Xtra users, double-click RCH/CA Reuters Station users, click. 4899.
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A special focus is given to the recently announced long-term relationship among AmerisourceBergen Corp., Walgreen Co., and Alliance Boots GmbH.
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It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
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*Cyprus crisis fuels worry about contagion in euro zone. *Parliament in Cyprus rejects tax on bank deposits. NEW YORK, March 19- The S&P 500 fell for a third day on Tuesday but pared losses late in the day after the parliament of Cyprus rejected a proposed tax on bank deposits.
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Stocks cut their losses in the final hour of trading to close narrowly mixed Tuesday, after lawmakers in Cyprus overwhelmingly voted against the controversial bank bailout deal.
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March 19- Walgreen Co and partner Alliance Boots said on Tuesday they signed a 10- year deal with AmerisourceBergen that will include daily drug distribution, enabling Walgreen to increase its sales of pricey specialty drugs.
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*Cyprus crisis fuels worry about contagion in euro zone. *Parliament in Cyprus rejects tax on bank deposits. NEW YORK, March 19- U.S. stocks fell on Tuesday on uncertainty about how Cyprus will avoid a bankruptcy and possible reverberations in the euro zone as the region struggles to emerge from economic crisis.
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Walgreen and partner Alliance Boots will take up to a 23 percent stake in AmerisourceBergen, ending Walgreen's current contract with Cardinal Health.
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Americans are living longer and don't have anywhere near enough saved for retirement, a dire new study from the Employee Benefit Research Institute showed Tuesday.
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NICOSIA- Cyprus's government proposes to spare small savers from a divisive levy on bank deposits but says it expects parliament to reject the measure needed to secure an international bailout and avoid default and a banking collapse. (EUROZONE- CYPRUS/, expect by 1430 GMT/ 1030 AM EDT, by Michele Kambas and Karolina Tagaris, 940 words). -CYPRUS- FRANCE/, moved, 260 words.
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March 19- Walgreen Co and partner Alliance Boots said on Tuesday they signed a 10- year deal with AmerisourceBergen and will take up to a 23 percent stake in the distribution company, ending Walgreen's current contract with Cardinal Health Inc..
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March 19- Drug distributor AmerisourceBergen signed a 10- year distribution deal with Walgreen Co and partner Alliance Boots that it said would deliver $28 billion in incremental revenue in fiscal 2014 and give the pharmacy chains the right to acquire up to 23 percent of the company.
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March 19- Drug distributor AmerisourceBergen signed a 10- year distribution contract with Walgreen Co and associate Alliance Boots GmbH that will also allow them to acquire up to 23 percent of AmerisourceBergen.