Align Technology price target upped by JMP

JMP Securities analyst Anthony Ostrea reiterated Align Technology, Inc. at market outperform and raised the price target to $18, from $14, on news of the company's third-quarter 2006 results "non-event." Ostrea estimated $192.6 million and $233.5 million in U.S. revenue in 2007 and 2008, with minimal residual costs from OrthoClear litigation in 2007. The analyst also raised 2007 GAAP earnings per share estimate to $0.15, from $0.07. Shares of the Santa Clara, Calif., dental technology company were up 16 cents, or 1.13%, at $14.38. (Nasdaq: ALGN)

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