Baxter International Inc

BAX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$66.00	Jxqszy	Bhmgwgfcp

Baxter Earnings: Better Than Expected but Down on Previous Supply Chain Pressures

Julie Utterback

Apr 27, 2023

Narrow-moat Baxter mildly exceeded expectations in the first quarter, and management raised its outlook for 2023. We increased our expectations for 2023 slightly, but that did not have a material impact on our $67 fair value estimate. Shares remain undervalued.

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