3 Sectors With the Biggest Fair Value Increases
As second-quarter earnings season winds down, we take a look at our analysts’ valuation changes across sectors.
As the economic recovery continued to move quickly thanks in part to roaring consumer demand, Morningstar analysts increased their fair value estimates at a more modest rate during the second-quarter earnings season than they did the prior quarter. However, defensive stocks, particularly those in the healthcare sector, enjoyed slightly higher fair value boosts this quarter compared with last quarter.
Jakir Hossain does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.