Baird Downgrades Envista and Align Technology to Neutral
Baird downgraded Envista Holdings and Align Technology to Neutral from Outperform and cut both price targets, lowering Envista's to $26 and Align's to $162.
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what happened
Baird has lowered its ratings on Envista Holdings (NVST) and Align Technology (ALGN) to Neutral from Outperform. The firm cut its price target on Envista to $26.00 per share from $34.00. For Align Technology, the target was reduced to $162.00 per share from $218.00.
why it matters
The downgrades and lower targets point to a more cautious analyst view on both dental-sector companies. For investors, the changes add a reason to reassess expectations for stocks that had been viewed as likely to outperform the market.
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instruments
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