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Fly News Breaks for April 29, 2016
ALR
Apr 29, 2016 | 07:36 EDT
Craig-Hallum analyst Bill Bonello upgraded Alere (ALR) to Buy following last night's press release reaffirming its expectation that its pending sale to Abbott (ABT) will be consummated as planned. The analyst believes Alere is worth at least $50 per share as a free standing company and notes shares trade at a significant discount to the $56 acquisition price.
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