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Fly News Breaks for October 1, 2019
SDC, ALGN
Oct 1, 2019 | 17:06 EDT
Piper Jaffray analyst Matt O'Brien kept his Overweight rating and $240 price target on Align Technology (ALGN) after hosting an investor breakfast, saying the presentation by two of the company's executives reinforced his view that its products are superior to those of the competition. The analyst also cites the company's history of having just 3 Better Business Bureau complaints vs. over 1000 for other DTC companies, including SmileDirectClub (SDC). O'Brien believes that Align Technology may lose some market share in the near term, but it is positioned to dominate the clear aligner category going forward.
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