UPDATE: JMP Securities Initiates Coverage on Alere on Multiple Positive Factors

In a report published Wednesday, JMP Securities analyst J.T. Haresco initiated coverage on Alere (NYSE: ALR ) with a Market Outperform rating and $45.00 price target. In the report, JMP Securities noted, “We are initiating coverage of Alere, a leading provider of rapid diagnostic tests, with a Market Outperform rating