Analysts trim targets for SmileDirect

A number of analysts on Tuesday downgraded shares of SmileDirectClub after the aligner maker’s executives reported solid first-quarter results but predicted slower revenue growth than the Street had expected.

Downtown-based SmileDirect lost $95.6 million in the first quarter, a modest improvement from the the figure of the first three months of last year. But this year’s number includes a $47.6 million hit from extinguishing some of its debt. Operating losses narrowed to $27.8 million from $96.5 million a year earlier and adjusted EBITDA turned slightly positive for the quarter.