Despite the soft U.S. results, we think the wide-moat firm remains a compelling capital-allocation story at its current price.
We're raising our fair value estimate on the wide-moat firm but recommend a wider margin of safety before buying.
Although the automaker's stock is undervalued, we don't expect it to move significantly upward this year.
With the firm’s turnaround still in early days, we think investors should seek a wider margin of safety before putting new money to work.
The airline has a lot of work to do to right its operations, and fixes will likely involve near-term pain.
We expect continued margin expansion, and have increased our fair value estimate on the narrow-moat firm.
While we expect fee growth to moderate over the longer term, the wide-moat firm should hit a return on equity just over 16% longer term, post tax reform.
We now view shares as a bit undervalued and see this as a good time to gain exposure to the sector.
We're raising our fair value estimate for the wide-moat firm after results ahead of both our expectations.
The narrow-moat company expects to realize significant synergy savings in the coming months--and may experience revenue synergies, too.
We're raising our fair value estimate to $90 per share, but still see shares as expensive amid projections for accelerating free cash flow burn.
The overpayment to enter the increasingly competitive hemophilia market is relatively small compared with the overall size of wide-moat Sanofi.8445
A combined company would likely be the dominant grain merchandiser and processor in North and South America.
We think the narrow-moat firm has turned the growth corner and can post modest full-year revenue growth over the coming years.
Competitive pressures remain a concern for the wide-moat company.
We're not anticipating an exponential increase in the narrow-moat firm's dividend or buyback plans, given Apple's historically conservative nature.
We're raising our fair value estimate on the company, incorporating the long-term benefits of lower tax rates and higher growth estimates.
The wide-moat firm's sale of its U.S. confectionary business is part of a larger plan of portfolio repositioning.
We're maintaining our $74 fair value estimate for the firm.
Strong top-line Keytruda data reinforces the wide-moat pharma's first mover-advantage in the United States and will help launch the drug in Europe.
Mixed results demonstrate the upside and downside of diversification for the firm, but were consistent with our expectations.
The fact that customers are sticking with the company is encouraging, but the lack of effective growth shows the bank is still suffering from the sales scandal.
We recently raised our fair value estimate for the wide-moat firm to $550.
Bellwether Delta's results are encouraging, and we think airline stocks could be poised for a strong second half in 2018 due to falling fuel prices.
Adding Ajit Jain and Greg Abel to Berkshire's board doesn't make the succession plan any clearer, but it adds credence to our long-held belief that these managers are the leading candidates to replace Buffett.
The human interface chipmaker has a nicely diversified set of opportunities coupled with cutting-edge solutions across touch, display, voice, and video.
Changes in the management ranks have no impact on our view on the wide-moat firm, which is trading about 20% below our fair value estimate.
Despite improved earnings estimates, we still believe that the company lacks an economic moat and is overindexed to higher-margin items that may come under pressure.
Concerns about generic Restasis and longer-term Botox competition are manageable challenges for this wide-moat company.
Product hits and misses and brick-and-mortar exposure will continue to challenge this no-moat retailer.
Improved inventory management and merchandising, a stronger consumer, and success with marketing, branded products, and partnerships will drive performance for the no-moat retailer.
Management expects fiscal 2018 earnings per share to tick up, and we continue to view the stock as a solid capital-allocation play.
Shares of the wide-moat deicing salt producer have risen double digits in the past few weeks, thanks to an above-average number of snow days this winter.
The no-moat retailer has little defense against off-price and online competitors.
The no-moat retail pharmacy is doing an excellent job of offsetting gross profit headwinds by decreasing SG&A as a percentage of sales.
The wide-moat company will remain under scrutiny as it rolls out its mitigation solutions and the performance of 'cured systems' is intensely analyzed.
GM's December sales fell year over year, while volume rose at Ford.
The end game for the narrow-moat limited partnership is building out full control over a massive NGL market hub in the northeastern United States.
More dynamic merchandising, a faster supply chain, and better customer read-through from opportunities with its loyalty program have driven solid sales and recent share price gains.
We're expecting more tepid revenue growth in 2018, and are knocking $1 off our fair value estimate of the no-moat firm.
As this large generation forms households, lumber firms should see a boost in profits.
The acquisition of an Indonesian bank is one of a series of positive developments for the bank holding company.
We have a high level of confidence that FirstEnergy can separate itself from FES in 2018, and shares are trading at a near-25% discount to our fair value estimate.
We've raised our economic moat rating and fair value estimate on the video game publisher as it continues to benefit from its expanded portfolio.
The hookup has received all regulatory approvals, and the combined firms will begin trading as Nutrien on Jan. 2.
Shares of the wide-moat firm are significantly overvalued and do not reflect the modest rise in competition.
We're lowering our risk rating on this narrow-moat firm now that its parent company has settled its outstanding lawsuit.
Pressure in North America was offset by growth internationally and in the wide-moat company's direct-to-consumer channel.
The wide-moat company's impressive operational execution persists in terms of adding new programmers and boosting account penetration with ancillary services.
We think there is a good chance the board might suspend the dividend for at least a few more quarters.