Wedbush Downgrades Alere (ALR) to Neutral; Ugly Q2, Guidance Still Risky
Tweet
Share
E-mailGet Alerts ALR Hot Sheet
Price: $1.32 --0%
Rating Summary:
6 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Wedbush downgraded Alere (NYSE: ALR) from Outperform to Neutral, price target lowered from $41 to $31.
Wedbush analyst says, " The company lowered 2011 EPS guidance to between $2.50 and $2.60 from the prior guidance of $2.75...The new guidance range looks aggressive given the 2Q11 degradation in DM and the implied 2H11 acceleration. Moreover, to achieve the guidance, ALR needs to post top-line growth, significant GM improvement, and solid operating leverage all at once which has been rare for the company and looks more difficult amid the challenging US state budget story."
For more ratings news on Alere click here and for the rating history of Alere click here.
Shares of Alere closed at $29.05 yesterday.
Wedbush analyst says, " The company lowered 2011 EPS guidance to between $2.50 and $2.60 from the prior guidance of $2.75...The new guidance range looks aggressive given the 2Q11 degradation in DM and the implied 2H11 acceleration. Moreover, to achieve the guidance, ALR needs to post top-line growth, significant GM improvement, and solid operating leverage all at once which has been rare for the company and looks more difficult amid the challenging US state budget story."
For more ratings news on Alere click here and for the rating history of Alere click here.
Shares of Alere closed at $29.05 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- RBC Capital Downgrades Accelerant Holdings (ARX) to Sector Perform
- DA Davidson Downgrades Blaize Inc. (BZAI) to Neutral
- Lake Street Downgrades SoundThinking (SSTI) to Hold
Create E-mail Alert Related Categories
DowngradesSign 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!
