Revvity Inc

RVTY: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$339.00	Mlhsxyp	Fhyczyxfp

PerkinElmer Raises 2021 Outlook After Strong Q2 and Announces BioLegend Acquisition; Raising FVE

Julie Utterback

Jul 26, 2021

Narrow-moat PerkinElmer reported strong second-quarter results that beat expectations, and management raised its outlook for 2021 again. On recently generated cash flows and strong near- and long-term prospects, we're raising our fair value estimate to $131 per share from $106 previously. Our new fair value incorporates the planned BioLegend acquisition that was also announced July 26 but still remains below market prices.

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