Envista Holdings climbs as Piper Sandler upgrades, raises PT

Envista Holdings

29/08/2022 17:13

** Medical equipment supplier Envista Holdings Corp's
 NVST.N  shares up 3.52% at $37.88 after Piper Sandler upgrades
to "overweight" from "neutral", raises PT to $46 from $40
    ** Brokerage says management forecasts an increasing number
of teeth alignment cases by Spark in Europe to be positive on
sales and expects double-digit growth in China
    ** "We've been growing in belief that NVST will do well in
its first couple years of ownership of the Carestream digital
intraoral scanning business" - brokerage
    ** Piper Sandler believes pricing tailwinds for co could
persist for longer and at a higher level than previously
estimated
    ** But adds that, inflation in U.S., Europe and China could
be a headwind
    ** Nine of 10 brokerages rate the stock "buy" or higher, 1
"hold"; their median PT is $49 - Refinitiv data
    ** Stock down 15.8% YTD compared with a ~16% decline in the
S&P 400 Health Care sector index  .SPMCDA 

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))