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Stock Market & Financial Investment News

News Breaks
July 1, 2014
07:05 EDTALRAlere announces resignation of CEO Ron Zwanziger and succession plan
Alere announced as part of its ongoing review of its strategy and operations, that COO Namal Nawana has been appointed interim CEO and President following the resignation of Ron Zwanziger as CEO, President and a director of the Company, effective immediately. Jerry McAleer, Senior Vice President Research and Development and a director, and Dave Scott, Chief Scientific Officer, also resigned effective immediately. The Alere Board of Directors will initiate a search process and plans to retain a leading executive search firm to identify a permanent CEO and President. The search process will include a review of both internal and external candidates. Nawana will maintain his current responsibilities as COO during the transition period.
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June 23, 2015
10:00 EDTALROn The Fly: Analyst Upgrade Summary
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06:13 EDTALRAlere upgraded to Buy from Neutral at Goldman
Goldman upgraded Alere to Buy and increased its price target to $60 from $50. The firm believes management's focus on improving the cost structure and potential for improved execution is underappreciated. Goldman sees margin leverage driven by new product launches, manufacturing and sourcing initiatives, and slowing regulatory headwinds. Further, potential divestitures of non-core assets will continue to de-leverage the balance sheet.

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