Alkermes (ALKS) PT Lowered to $45 at BofA/Merrill Lynch; Sees Loss in 2015
Get Alerts ALKS Hot Sheet
Price: $23.71 -0.21%
Rating Summary:
9 Buy, 11 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
9 Buy, 11 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
BofA/Merrill Lynch analyst Steve Byrne reiterated an Underperform rating and lowered his price target on Alkermes (NASDAQ: ALKS) to $45.00 (from $47.00) following Q4 results.
Byrne notes revenue guidance was in-line but expenses are rising. The expenses will likely push 2015 net to a loss he said.
FY 2015 EPS was cut from $0.06 to ($0.28), FY 2016 EPS from $1.46 to $1.03 and FY 2017 EPS was set a $3.89.
For an analyst ratings summary and ratings history on Alkermes click here. For more ratings news on Alkermes click here.
Shares of Alkermes closed at $70.64 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Downgrades Feng Tay Enterprises (9910:TT) to Hold
- Wolfe Research Upgrades Bank of America (BAC) to Outperform, 'Underearning Firms Shouldn’t Trade at a Discount'
- Uber Inc. (UBER) PT Raised to $96 at Tigress Financial Partners
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!