This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
|Zacks Rank||Definition||Annualized Return|
Zacks Rank Education - Learn more about the Zacks Rank
Zacks Rank Home - All Zacks Rank resources in one place
Zacks Premium - The only way to get access to the Zacks Rank
Alkermes, Plc (ALKS)
by Zacks Equity ResearchAugust 07, 2012 | Comments : 0 Recommended this article: (0)
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at email@example.com or call 800-767-3771 ext. 9339.
Results were boosted by the inclusion of drugs belonging to the EDT unit of Elan. This was the third full quarter following the merger with EDT. Alkermes reiterated its guidance for fiscal 2013. We are also impressed by the FDA approval and launch of diabetes drug Bydureon, which offers significant commercial potential.
Overall, we are pleased by the pipeline progress at Alkermes. We retain our Outperform recommendation on the stock. Our price target of $22.00 is based on 5.6x our fiscal 2013 revenue estimate.
Please login to Zacks.com or register to post a comment.