Jefferies Reiterates a 'Buy' on Alkermes (ALKS); Elan Overhang Removed
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Price: $49.06 -0.79%
Rating Summary:
17 Buy, 8 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 9
Rating Summary:
17 Buy, 8 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 9
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Jefferies reiterates a 'Buy' on Alkermes (NASDAQ: ALKS) price target of $24.00.
Analyst, Graig Suvannavejh, said, "With 1) the overhang of Elan's (NYSE: ELN) disposal of stock now gone, 2) ALKS shares trading below the pricing of Elan's recent secondary offering, and 3) the high level of institutional demand seen at that level, we think it's an ideal time for investors to consider building or adding to positions."
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 $16.19 yesterday.
Analyst, Graig Suvannavejh, said, "With 1) the overhang of Elan's (NYSE: ELN) disposal of stock now gone, 2) ALKS shares trading below the pricing of Elan's recent secondary offering, and 3) the high level of institutional demand seen at that level, we think it's an ideal time for investors to consider building or adding to positions."
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 $16.19 yesterday.
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