Jefferies Raises Estimates & PT on Alkermes (ALKS); A Very Good Start Out of the Gates
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Price: $47.20 +0.45%
Rating Summary:
17 Buy, 8 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 64
Rating Summary:
17 Buy, 8 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 64
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Jefferies maintains a 'Buy' on Alkermes (NASDAQ: ALKS) price target raised from $21 to $24.
Jefferies analyst says, "In its 1st Q reporting on a combined basis, ALKS provided a nifty F3Q beat & raise, and also increased F'12 guidance. It's still early days for the new ALKS, but ALKS in our view has gotten off to an excellent start post-EDT, and with good momentum on its 5 growth drivers & mgmt committing to managing the P&L, our confidence in the story has increased."
"Based on the beat and raised F'12 guidance, we've upped our revenue & EBITDA/share ests. to $387MM & $0.57 vs. our prior $365M & $0.38, respectively...Our new F'13-15 adj. EBITDA/share ests. increase to $1.37/$1.46/$1.65 vs. our previous $1.23/$1.38/$1.55."
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 $19.00 yesterday.
Jefferies analyst says, "In its 1st Q reporting on a combined basis, ALKS provided a nifty F3Q beat & raise, and also increased F'12 guidance. It's still early days for the new ALKS, but ALKS in our view has gotten off to an excellent start post-EDT, and with good momentum on its 5 growth drivers & mgmt committing to managing the P&L, our confidence in the story has increased."
"Based on the beat and raised F'12 guidance, we've upped our revenue & EBITDA/share ests. to $387MM & $0.57 vs. our prior $365M & $0.38, respectively...Our new F'13-15 adj. EBITDA/share ests. increase to $1.37/$1.46/$1.65 vs. our previous $1.23/$1.38/$1.55."
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 $19.00 yesterday.
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