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Fly News Breaks for October 14, 2019
NVST
Oct 14, 2019 | 08:40 EDT
Evercore ISI analyst Elizabeth Anderson initiated coverage of Envista (NVST) with an Outperform rating and $35 price target. The analyst believes Envista's recent efforts on execution will result in accelerated core revenue growth and expanding margins. Further, solid free cash flow will bolster M&A while Danaher's (DHR) divistiture of its remaining 80% stake is unlikely to create much selling pressure on shares, Anderson wrote in a note to investors.
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