Jefferies Starts Align Technology (ALGN) at Buy

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Jefferies initiates coverage on Align Technology (NASDAQ: ALGN) with a Buy. PT $21.00.

The firm comments, "ALGN's current enterprise value already appears to reflect expectations for moderating near-term demand trends and ascribes no appreciation for success on its intermediate-term revenue growth or margin expansion goals. As such, we view the risk/reward as favorable at current levels."

For more ratings news on Align Technology click here and for the rating history of Align Technology click here.

Shares of Align Technology closed at $14.26 yesterday, with a 52 week range of $14.25-$25.94.

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