Graco Inc

GGG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$25.00	Jwzc	Nkvrznz

Graco Reiterates Full-Year 2022 Outlook Following Q1 Earnings Release; Maintaining FVE

Krzysztof Smalec

Apr 28, 2022

We are maintaining our $76 fair value estimate for Graco following the wide-moat-rated firm’s first-quarter earnings release. We’ve made some puts and takes in our model but nothing in Graco’s earnings results fundamentally alters our long-term outlook for the company. We view the name as modestly undervalued, with shares currently trading in 4-star territory.

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