NVST - Envista stock rises after Piper Sandler raises rating to overweight
- Envista ( NYSE: NVST ) is trading 4% higher after Piper Sandler upgrades rating to overweight from neutral, with a price target of $46, up from $40.
- Analyst Jason Bednar says he is "incrementally comfortable with the outlook for key tenets" of Envista's business.
- Bednar tells investors in a research note he sees Envista delivering solid growth "in spite of a challenging macro environment."
- The analyst adds that there are multiple areas where the potential for upside outweighs the downside risk.
- ( NVST ) is down ~11% in the last 12 months.
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Envista stock rises after Piper Sandler raises rating to overweight