UPDATE: Canaccord Genuity Reiterates On Alere On Positive Outlook

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In a report published Thursday, Canaccord Genuity analyst Mark Massaro reiterated a Buy rating on

27% profit every 20 days?

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Alere

(NYSE: ALR), and raised the price target from $45.00 to $50.00.In the report, Canaccord Genuity noted, “We reiterate our BUY rating on Alere and raise our PT to $50 from $45 as we now assign a 33% chance of a $60/share takeout as the company continues to evaluate its strategic alternatives, which we believe have been expedited with the recent resignation of three former board members.”Alere closed on Wednesday at $37.77.