ELAN CP PLC ADR (ELN) Downgraded by Zacks to UNDERPERFORM

Zacks Investment Research downgraded shares of ELAN CP PLC ADR (ELN) from NEUTRAL to UNDERPERFORM on July 30, 2012, with a target price of $11.40.

Elan Corporation, plc is a leading worldwide specialty pharmaceutical company focused on the discovery, development and marketing of therapeutic products and services in neurology, acute care and pain management and on the development and commercialization of products using its extensive range of proprietary drug delivery technologies. The company consists of three operating divisions: Elan Pharmaceuticals, Elan Pharmaceutical Technologies and Elan Pharmaceutical Operations.

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