Piper Sandler lowered the firm’s price target on Envista (NVST) to $17 from $18 and keeps a Neutral rating on the shares. The firm says Q1 and full-year 2025 estimates still seem fine even considering the shifting macro landscape and global trade tensions that have surfaced since management guided. Part of that comfort comes from management’s tone at their early-March Investor Day, but Piper also believes Envista management set conservative expectations to start the year, and the team also has the benefit of lapping extremely favorable comps later this year.
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