Analyst Update: Merck & Co., Inc., Quality Systems, Inc., and Align Technology, Inc.

Analysts adjusted their ratings and price targets on Merck & Co., Inc. (MRK), Quality Systems, Inc. (QSII), and Align Technology, Inc. (ALGN)

by Kirra Fedyszyn

    Published on Jan 29, 2016 at 3:17 PM

    Analysts are weighing in today on healthcare interests Merck & Co., Inc. (NYSE:MRK)Quality Systems, Inc. (NASDAQ:QSII), and Align Technology, Inc. (NASDAQ:ALGN). Here's a quick roundup of today's brokerage notes on MRK, QSII, and ALGN.

    • QSII plunged 20.5% to trade at $12.94 -- dangerously close to its 10-year low of $12.00, seen in August -- after reporting fiscal third-quarter revenue short of expectations. Quality Systems, Inc. received four price-target cuts -- three of which were to $15 -- while Jefferies actually raised its price target to $15 from $12. Analysts in general have been bearish on the security, however, with 12 out of 16 assigning it a rating of "hold" or worse. 

    • After reporting stronger-than-expected earnings and offering upbeat full-year guidance, ALGN is 10.4% higher at $65.72, having touched a new record high of $69.36 earlier. No fewer than five brokerage firms raised their price targets on Align Technology, Inc. today, the most ambitious of which came from Stifel, at $82. Quite a few shorts may be hitting the bricks after today's rally. Short interest on ALGN represents nearly eight sessions' worth of pent-up buying demand, at the stock's average pace of trading -- ample fuel for a short squeeze.
    For other stocks in analysts' crosshairs, read Analyst Upgrades: Microsoft Corporation, J C Penney Company Inc, and Flextronics International Ltd. and Analyst Downgrades: Amazon.com, Inc., Alibaba Group Holding Ltd, and Electronic Arts Inc.

    A Schaeffer's exclusive

    6 Sectors for Summer

    Access your FREE insider report before it's too late!


      
     

    Partnercenter


    NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

    MORE | MARKETstories


    The Next Big Player in U.S. MJ Boom
    Most pure-play marijuana stocks in the U.S. trade on the Over-the-Counter stock exchange.
    Planet Fitness Stock Lifted Amid Re-Opening Optimism
    Planet Fitness reopened around 800 facilities in North America
    Coffee Stock Drops Despite Cost-Cutting Initiatives
    Starbucks asked employees to further limit working hours or take unpaid leave
    The Big Bankruptcy You Should Be Afraid Of
    Porter Stansberry is making a concerning prediction.