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Fly News Breaks for March 1, 2017
ALR
Mar 1, 2017 | 09:31 EDT
BTIG analyst Dane Leone notes Alere yesterday delayed the filing of its annual report due to inappropriate timing of revenue recognition in Korea, and possibly Japan. While the absolute dollar amounts are not concerning, the residual material weakness in controls creates additional uncertainty, Leone tells investors in a research note. He keeps a Buy rating on the shares with a $44 price target.
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