Enovis initiated with an Outperform at JMP Securities

JMP Securities initiated coverage of Enovis with an Outperform rating and $62 price target The analyst believes the recent LimaCorporate transaction is now “largely de-risked,” and that the cost savings and sales synergies that are on the way are not reflected in the stock’s current valuation. With the deal’s close at the beginning of the year, Enovis’ fiscal 2024 results have thus far reflected expected integration related headwinds that have tempered the company’s true growth and earnings potential, which should come to fruition in 2025 and beyond, the analyst tells investors in a research note.