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Fly News Breaks for January 19, 2017
ALGN
Jan 19, 2017 | 10:12 EDT
Northcoast analyst Ed Snyder said Trump's potential border tax could hurt Align Technology as it manufactures its Invisalign product in Mexico. The analyst said its difficult to gauge the impact given very limited details at this point, but said, if the proposal were to pass as discussed it could have devastating impacts to Align's earnings. He estimates Align's FY17 revenue to be $1.37B, of which roughly 60% will be sold in the United States, which could effectively eliminate Align earnings if the proposal discussed were to pass. Snyder has a Buy rating on Align Technology adn a $120 price target.
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