Alere CEO change sets up possible scenarios, says Jefferies Jefferies believes the resignation of CEO and founder Ron Zwanziger sets up a number of possible scenarios for Alere, including an outright sale of the company or refocused execution on the turnaround strategy. The firm keeps a Buy rating on the stock with a $45 price target.
Alere 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.