Alkermes plc (ALKS) Tops Q4 EPS by 7c; Guides FY15

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Go back to Alkermes plc (ALKS) Tops Q4 EPS by 7c; Guides FY15

Alkermes (ALKS) PT Lowered to $45 at BofA/Merrill Lynch; Sees Loss in 2015

February 25, 2015 7:32 AM EST

BofA/Merrill Lynch analyst Steve Byrne reiterated an Underperform rating and lowered his price target on Alkermes (NASDAQ: ALKS) to $45.00 (from $47.00) following Q4 results.

Byrne notes revenue guidance was in-line but expenses are rising. The expenses will likely push 2015 net... More