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

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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, with a 52 week range of $17.13-$27.22.

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