Morgan Stanley analyst Erin Wright lowered the firm’s price target on Envista (NVST) to $19 from $20 and keeps an Equal Weight rating on the shares. New medium-term guidance calls for more tempered topline growth and “notably lower implied margin targets,” the analyst tells investors. While stating that new management is “clearly taking a prudent approach,” the firm adds that the guidance does imply a dental market recovery.
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Read More on NVST:
- Envista Holdings: Hold Rating Amid High Valuation and Uncertain Market Conditions
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- Envista Holdings: Hold Rating Amid Mixed Growth Signals and Market Challenges
- Envista Holdings’ Earnings Call: Cautious Optimism Amid Challenges
- Envista price target raised to $23 from $21 at Baird
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