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Fly News Breaks for July 12, 2016
ABT, ALR
Jul 12, 2016 | 13:28 EDT
Craig-Hallum analyst Bill Bonello said he believes Alere's (ALR) voluntary withdrawal of its INRatio and INRatio 2 monitoring systems has "minimal impact" on its ongoing services business and "no impact" on its pending deal to be acquired by Abbott (ABT), citing the past issues with the product and the company's declining INRatio revenues. The firm has a Buy rating and $56 price target on Alere shares.