Alkermes (ALKS) Tops Q4 EPS by 39c, Offers Mixed FY Guidance

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Alkermes (ALKS) PT Lowered to $45 at Cowen Following 4Q

February 15, 2019 8:30 AM EST

Cowen analyst Chris Shibutani lowered the price target on Alkermes (NASDAQ: ALKS) to $45.00 (from $53.00) while maintaining a Outperform rating following the company's 4Q. ALKS reported 4Q18 revenues of $315.8MM, ahead of our $262.6MM estimate and the consensus estimate of $255.1MM. 4Q18 non-GAAP EPS of... More