Leerink initiated coverage of Align Technology with a Market Perform rating and $310 price target. While other entrants have started to create competition, Align remains the clear dominant market player across the clear-aligner ecosystem, the analyst tells investors. However, while the firm still expects growth, and growth at a profitable level, it sees the new run-rate as appropriately priced-in without any catalysts for meaningful upside deviation, the analyst added.
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