HSBC analyst Sidharth Sahoo upgraded Align Technology (ALGN) to Buy from Hold with a price target of $200, up from $150. The firm says the company’s “green shoots” in Q4 include growth in adult aligner shipments. While selling prices remain a headwind for Align, the company should see improved longer-term profitability via 3D printing, the analyst tells investors in a research note. HSBC is “encouraged” post the the Q4 report due to a recovery in the company’s leading indicators and improving sentiment in a dental space.
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