Baird analyst Jeff Johnson lowered the firm’s price target on Align Technology (ALGN) to $276 from $325 and keeps an Outperform rating on the shares. The firm said the 3Q revenue/case shipments missed Street/guidance and management guided 4Q below. None of that is encouraging and likely sends shares lower.
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Read More on ALGN:
- Align Technology sees Q4 revenue $995M-$1.015B, consensus $1.01B
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- Align Technology reports Q3 adjusted EPS $2.35, consensus $2.31
- Align Technology options imply 10.2% move in share price post-earnings