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An analyst has changed their mind about Align Technology; check out the five biggest downgrades for Thursday.

OpinionRead the original at Benzinga
Bad for ALGN

Align Technology was downgraded from Outperform to Neutral, and its target was cut. The target remains above Wednesday's close, but the lower rating and cut target show a weaker view.

ALGN · Align Technology Inc

AI read · Bad for ALGN

The AI's read

The lower rating and cut target show the analyst now has less confidence in Align. The new target is still above Wednesday's closing price, but that does not undo the weaker view.

CRUS · Cirrus Logic Inc

AI read · Bad for CRUS

The connection

Cirrus Logic was downgraded from Overweight to Equal-Weight. This is a less favorable analyst view, and the story gives no other company news to balance it.

NVST · Envista Holdings Corp

AI read · Bad for NVST

The connection

Envista was downgraded from Outperform to Neutral, and its target was cut. The lower rating and target point to a weaker analyst view, despite the target remaining above Wednesday's close.

PARR · Par Pacific Holdings Inc

AI read · Neutral

The connection

Par Pacific's rating fell from Buy to Neutral, but its target rose from $90 to $94. Those changes point in different directions, so the story does not shift the company's outlook.

ZTO · ZTO Express (Cayman) Inc

AI read · Bad for ZTO

The connection

ZTO Express was downgraded from Buy to Neutral, and its target was cut. The lower rating and target point to a weaker analyst view, despite the target remaining above Wednesday's close.

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