Alere (ALR) Tops Q1 EPS by 8c

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Alere (ALR) PT Raised to $56 at Jefferies on 'Beat'

May 6, 2015 8:14 AM EDT

Jefferies analyst Raj Denhoy reiterated a Buy rating and bumped his price target on Alere (NYSE: ALR) to $56.00 (from $55.00) following a solid Q1 beat.

Denhoy commented, "ALR put up a notable $0.07 EPS beat despite some lingering structural top-line headwinds (Pain,... More