Baxter International Inc

BAX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$72.00	Dwdnxx	Wgkxwnlg

Baxter Earnings: Mildly Exceeds Cautious Expectations on Improving Medical Utilization

Julie Utterback

Nov 2, 2023

Narrow-moat Baxter mildly exceeded expectations in the third quarter, and management largely maintained its 2023 outlook. Our near-term estimates remain roughly in line with these expectations, and we are keeping our $67 fair value estimate intact, well above recent trades.

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