Alere could be worth $60 in a takeover, says Canaccord Canaccord raised its price target on Alere to $50 from $45 to reflect an increased assumption of the company being a takeover candidate. The firm believes Alere could be acquired for as much as $60 per share and keeps its Buy rating the stock.
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.