Envista price target lowered to $19 from $21 at Wells Fargo

Wells Fargo lowered the firm’s price target on Envista (NVST) to $19 from $21 and keeps an Equal Weight rating on the shares. The firm updated its model to reflect Envista’s medium-term financial goals. The company plans to reduce its tax expense by restructuring its intercompany loan structure, which will likely happen as a one-time reduction rather than gradually, the analyst tells investors in a research note. Wells forecasts EBITDA growth of 6.5% over 2026 through 2028 versus management guidance of 4%-7%.