By: Benzinga
January 03, 2013 at 10:09 AM EST
UPDATE: Morgan Stanley Upgrades Align Technology to Equal-Weight on Trends, Limited Competition
Morgan Stanley raised its rating on Align Technology (NASDAQ: ALGN ) from Underweight to Equal-weight and suspended its previous $25 price target. Morgan Stanley said, "Our Underweight thesis anticipated pressure from consumer spending and competition. Consumer pressure has emerged and pressured growth and valuation, but FDA barriers continue to
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