2024-02-13 22:30:24 ET
Summary
- I downgraded my buy rating on Envista to a hold rating due to concerns about the company's ability to grow earnings.
- Envista reported a decline in core revenue and a decrease in margin performance, leading to disappointing earnings results.
- I believe that near-term margin performance will remain weak and that there are no visible catalysts to drive positive sentiment in the stock.
Summary
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Envista Holdings: Rating Downgrade To Hold As Earnings Growth Is Going To Be Weak