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Align upgraded by JMP to market outperform
Align Technology, Inc. was upgraded to market outperform from market perform by JMP Securities analyst Anthony Ostrea based on JMP's proprietary survey, March-quarter report from Align and favorable risk/reward. Align reported better-than-expected U.S. Invisalign shipments in the March quarter. JMP forecasts 2006-2008 revenue of $204 million (from $202 million), $226 million (from $227 million), and $248 million (from $260 million). Shares of the Santa Clara, Calif., dental products company were down 12 cents, or 1.35%, at $8.77 on volume of 753,691 shares versus the three-month running average of 581,864 shares. (Nasdaq: ALGN)
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