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Fly News Breaks for February 28, 2017
ALGN
Feb 28, 2017 | 12:04 EDT
Piper Jaffray analyst Matt O'Brien raised his price target for Align Technology to $111 after the company announced the acquisition of its Brazilian distributor for an undisclosed amount. The deal, along with last week's acquisition of its Dubai distributor, is an "easy and fairly cheap way to pick up revenue and margin," O'Brien tells investors in a research note. He maintains an Overweight rating on the shares.
News For ALGN From the Last 2 Days
ALGN
May 1, 2024 | 06:34 EDT
HSBC raised the firm's price target on Align Technology to $370 from $350 and keeps a Buy rating on the shares. The analyst says the stock's valuation multiple discount and muted expectations tilt the risk/reward balance to the upside with potential upgrades to estimates.
