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Enovis price target lowered to $70 from $75 at Canaccord

Canaccord lowered the firm’s price target on Enovis (ENOV) to $70 from $75 and keeps a Buy rating on the shares. The firm updated its model following Q1 results and the release of its 10Q.Canaccord lowered the price target by applying the same EV/Sales multiple in their last valuation update. While the comp group valuation average is slightly higher and their 2026 revenue estimate has risen, they impose a larger discount to the comp group.

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