UBS Maintains Neutral on Align Tech, Raises Price Target to $260
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Kevin Caliendo has maintained a Neutral rating on Align Technology (NASDAQ:ALGN) and increased the price target from $200 to $260.

January 30, 2024 | 5:16 pm
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UBS has maintained a Neutral rating on Align Technology but raised the price target from $200 to $260, indicating a positive outlook on the stock's value.
The increase in price target by UBS suggests that the analyst sees potential for the stock to rise to the new target price, which is likely to be viewed positively by investors. However, the Neutral rating indicates that the analyst does not see significant momentum or changes in fundamentals that would justify an upgrade to a Buy rating. This could lead to a moderate positive short-term impact on the stock price as investors adjust to the new price target.
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IMPORTANCE 75
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