Baxter International Inc

BAX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$86.00	Zgzknt	Kwqdfcmm

Supply Chain Pressures Roil Baxter's Near-Term Outlook; Shares Cheap Even After FVE Cut

Julie Utterback

Jul 28, 2022

While narrow-moat Baxter appeared to roughly meet expectations in the second quarter, supply chain problems cut into its near-term outlook and sent the shares down about 10% in early trading. We are reducing our 2022 and 2023 expectations based on the headwinds Baxter's operations are facing, which has cut our fair value estimate to $85 per share from $90. The shares appear significantly undervalued at recent levels.

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