Align Technology price target raised to $406 from $385 at Baird

Baird analyst Jeff Johnson raised the firm’s price target on Align Technology to $406 from $385 and keeps an Outperform rating on the shares. The firm said 2Q revenue and case volumes exceeded Street estimates and management guided 3Q and full-year 2023 above the Street, noting that stability earlier this year is giving way to improving demand trends more recently.