AmerisourceBergen Upped to a “Conviction Buy” at Goldman Sachs (ABC)

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Pharmaceutical services company AmerisourceBergen Corp. ( ABC ) on Tuesday saw its shares added to Goldman Sachs' prestigious "Conviction Buy" List.

The firm said it sees ABC as one of the best values in the healthcare sector, and expects a 15% compound annual growth rate for the company.

Goldman also said the company is well-positioned to benefit from consumer demand for generic specialty drugs, with Gemzar and Taxotere likely to lead the way in 2011.

AmerisourceBergen shares rose 43 cents, or +1.4%, in premarket trading Tuesday.

The Bottom Line
Shares of AmerisourceBergen ( ABC ) have a 1.27% dividend yield, based on last night's closing stock price of $31.42. The stock has technical support in the $28-$29 price area. If the shares can firm up, we see overhead resistance around the $33-$34 price levels.

AmerisourceBergen Corp. ( ABC ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: ABC

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