UPDATE: Wedbush Downgrades Alere to Neutral on Risk/Reward

Wedbush downgraded Alere

from Outperform to Neutral and maintained a $21.50 price target. Wedbush commented, "We expect ALR to post revs of $702 MM & EPS of $0.55 when they report 4Q12 results before the market open on Thursday, February 14, 2013. … We'd prefer to take profits and sit out 4Q12 earnings due to lower risk/reward & recent history of messy Qs. In the last 3 months shares are up 28%, representing solid outperformance versus 10% and 17% gains in the BTK and S&P 500 indices over the same time frame." Alere closed at $22.66 on Friday.