Wedbush Downgrades Alere (ALR) to Neutral, Cities Poor Risk/Reward

February 11, 2013 7:09 AM EST
Get Alerts ALR Hot Sheet
Price: $38.97 -1.32%

Rating Summary:
    6 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Wedbush downgraded Alere (NYSE: ALR) from Outperform to Neutral with a price target of $21.50, citing unappealing risk/reward on strong run-up in the stock price with only little fundamental improvement.

The firm expect slightly lighter Q4 results when the company reports before the market on Thursday, February 14th. They see revenues of $702 million and EPS of $0.55.

For an analyst ratings summary and ratings history on Alere click here. For more ratings news on Alere click here.

Shares of Alere closed at $22.66 yesterday.

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