Envista initiated with a Neutral at UBS
The Fly

Envista initiated with a Neutral at UBS

UBS initiated coverage of Envista with a Neutral rating and $26 price target. Based on the firm’s channel checks with equipment manufacturers and suppliers and large DSOs, the firm sees risk to Q4 consensus earnings and an unrealistic margin ramp to Street FY24 EBITDA estimates, the analyst tells investors in a research note. Much of the downside to the stock is already priced in, UBS adds.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on NVST:

Related Articles
TheFlyCompass Diversified names Stephen Keller as CFO, replacing Ryan Faulkingham
TheFlyEnvista CEO buys $506.1K in common stock
TheFlyEnvista price target lowered to $19 from $22 at BofA
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App