Wells Fargo starts Envista coverage with 'equal weight' rating

Envista Holdings

08/10/2024 15:21

** Wells Fargo initiates coverage on dental products company
Envista Holdings  NVST.N  with an "equal weight" rating; PT at
$20
    ** Brokerage expects inflationary environment to impact
dental implants demand, given the significant out-of-pocket cost
for patients
    ** NVST has underperformed the dental market; limited
opportunity for the stock to outperform over the next 12 months
- Wells Fargo   
    ** Three of 13 brokerages rate the stock "buy" or higher,
nine "hold" and one "sell"; their median PT is $18.50 - LSEG
data
    **  Including session's moves, stock fell ~24% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))