** Shares of dental products manufacturer Align Technology
up 2.2% at $212.91 premarket
** Brokerage Leerink Partners upgrades stock to "outperform" from "market perform"; raises PT to $280 from $235
** New PT represents a 34.5% upside to the stock's last close
** Brokerage says, "ALGN is the only dental company in our coverage universe that saw double-digit FY24 equipment growth"
** Says it sees better growth for ALGN in FY25, with operational efficiencies boosting further profit beyond FY25
** Brokerage says ALGN's focus on the teen and adolescent market will "fuel growth"
** Integration of 3D printing and manufacturing capacity expansion may enhance margins in the future, though mostly after FY25 - Leerink Partners
** Says any new tariffs under Trump administration could create margin pressure but notes ALGN's plans to shift production between Poland and Mexico to reduce the impact
** ALGN declined ~24% in 2024
(Reporting by Kamal Choudhury in Bengaluru)
((Kamal.Choudhury@thomsonreuters.com;))
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