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Market Update

Cheap Stocks With Q1's Largest Fair Value Upgrades

Undervalued stocks in the financial, automobile, and semiconductor industries recently had major valuation increases.

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In a tough quarter for stocks and rising uncertainty about the outlook for the global economy, Morningstar’s stock analysts slowed the pace of valuation increases among the companies on their coverage lists.

Still, investors can find undervalued stocks among the ranks of companies where Morningstar analysts upped their fair value estimates in the first three months of the year. Stocks with the largest boosts in fair value estimates include vaccine-maker Moderna (MRNA), whose fair value rose to $232 from $159, followed by asset- management firm Ameriprise Financial (AMP), to $338 from $236. The paint company  Sherwin-Williams' (SHW) fair value was increased to $195 from $137. 

Jakir Hossain does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.