SmileDirectClub (SDC) Gains on Chatter

June 9, 2021 9:51 AM EDT
Get Alerts SDC Hot Sheet
Price: $5.68 -6.89%

Rating Summary:
    3 Buy, 8 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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SmileDirectClub (NASDAQ: SDC) is higher off the open (+5%) on analyst chatter the company could partner with Patterson Cos. (NASDAQ: PDCO).

Wolfe Research analyst said, "transcript just released today suggests that SmileDirectClub could partner with Patterson Companies according to SDC management, to sell clear aligners into the general practitioner channel. We have been positive on the opportunity in the GP segment and while early efforts by the SDC team have made already made some headway, this could open up significant runway and support the longer term growth projections in our clear aligner market model."

The firm reiterated an Outperform rating an $16 price target.

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