Alere (ALR) PT Lifted to $55 at Jefferies

Jefferies analyst Raj Denhoy reiterated a Buy rating and raised his price target on Alere (NYSE: ALR) to $55.00 (from $50.00).

Denhoy commented, "We are updating our model to reflect recent guidance. Importantly, our model does not reflect pending divestitures, which are likely dilutive, though refinancing is considered. Increasing top-line visibility coupled with still improving cost/capital structures point toward a period of higher EPS growth..."

The firm raised FY 2015 EPS from $2.45 to $2.47.

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 $48.30 yesterday.

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