Another call from Zacks Research.
"We are reiterating our Hold rating and adjusting our price target for Align Technology (ALGN) lower. We believe a difficult U.S. economy and higher marketing expenses will hamper top-line growth and margins.
Strong international growth and foreign exchange gains will help offset this. In the near-term, we think earnings quality could become an issue as management finds it difficult to meet growth targets. Meaningful earnings growth will be pushed out to FY09 and FY10. Our near-term target price moves to $11.00."
More at:
http://zacks-investment-research.bullpoo.com/2008/4/14/-Align-Technology-Adjusted-Down-/32145/