Analysts Are Downgrading These 5 Stocks

In this article, we discuss the 5 stocks analysts have recently downgraded. If you want to read our detailed analysis of these companies, go directly to Analysts Are Downgrading These 10 Stocks.

5. Envista Holdings Corporation (NYSE:NVST)

Number of Hedge Fund Holders: 37

Shares of Envista Holdings Corporation (NYSE:NVST) hit a new 52-week low of $36.21 on Tuesday, June 14, 2022, after Baird downgraded the California-based global dental products company from “Outperform” to “Neutral.” The research firm also trimmed its price target for Envista stock from $54 per share to $46 per share.

The downgrade follows Baird’s recent dental survey, which shows declining spending projections for dental equipment. In a research note to clients, Baird analyst Jeff Johnson expressed concerns over discretionary spending on dental due to the elevated inflationary environment.