Envista price target raised to $22 from $17 at Baird

Baird analyst Jeff Johnson raised the firm’s price target on Envista (NVST) to $22 from $17 and keeps a Neutral rating on the shares. The firm said beating initial 3Q guidance should help new management’s credibility, and it seems likely expenses being loaded into 2024 should allow for 300bp EBITDA improvement next year.