Baxter International Inc

BAX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$59.00	Hkcjvrb	Rhjhrss

After Strong Q1, Baxter Trims 2022 Outlook on Pump Delay and Supply Chain Issues; Shares Undervalued

Julie Utterback

Apr 28, 2022

Narrow-moat Baxter reported first-quarter profits that were better than anticipated. Despite these strong results, Baxter trimmed its guidance for 2022 on an expected delay in an infusion pump approval and supply chain concerns. Those factors only cut into our near-term assumptions for Baxter mildly, though, and we are maintaining our $90 fair value estimate. Baxter shares appear moderately undervalued to us.

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