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Fly News Breaks for July 29, 2016
ALGN
Jul 29, 2016 | 08:48 EDT
Roth Capital analyst Chris Lewis raised his price target for Align Technology to $93 from $88 after the company reported a "strong" Q2 beat with favorable Q3 revenue guidance and inline Q3 EPS guidance. The analyst says that while the SmileDirectClub supply agreement comes as a surprise and adds a new risk to the story, he sees the potential benefits outweighing the risks. Lewis reiterates a Buy rating on the shares.
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