Envista Holdings Corp. (NVST) Misses Q2 EPS by 17c; offers guidance

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Go back to Envista Holdings Corp. (NVST) Misses Q2 EPS by 17c; offers guidance

JPMorgan Downgrades Envista Holdings Corp. (NVST) to Neutral

August 8, 2024 5:55 AM EDT

JPMorgan analyst Tycho Peterson downgraded Envista Holdings Corp. (NYSE: NVST) from Overweight to Neutral with a price target of $16.00 (from $23.00).

The analyst comments "After the close, Envista (NVST) reported a top-line and bottom-line miss with core growth of -3.2% coming in below the Street of -1.7%, translating to revenues of $633.1M (vs. Street of $648M), underpinned by S&T revenues of $415M (vs. Street of $415M) and E&C revenues... More