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Fly News Breaks for June 18, 2015
ALGN
Jun 18, 2015 | 07:01 EDT
William Blair believes yesterday's announcement from ClearCorrect that the U.S. Patent and Trademark Office granted a request to reexamine three Align Technology (ALGN) patents will not change the competitive environment today nor the likely timing of new competition in clear aligners. The firm views the selloff yesterday in shares of Align as overdone and sees a buying opportunity at current levels. It reiterates an Outperform rating on the stock.
News For ALGN From the Last 2 Days
ALGN
Apr 18, 2024 | 07:23 EDT
Stifel raised the firm's price target on Align Technology to $400 from $350 and keeps a Buy rating on the shares. Respondents to the firm's survey point to "solid" 2024 year-over-year case volume growth and while Invisalign's share is expected to step down "modestly" year-over-year, new product feedback is upbeat, says the firm, which adds that it has "an upside bias to our 2024 revenue estimate."
