Envista price target lowered to $24 from $25 at Piper Sandler

Piper Sandler lowered the firm’s price target on Envista to $24 from $25 and keeps a Neutral rating on the shares. The firm is updating its Envista model to account for several items, including commentary at recent institutional investor conferences regarding the top-line and EBITDA margin effects stemming from HSIC’s cybersecurity incident during Q4, as well as the movement of Fx since its last model update.