Alcon Inc

ALC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$34.00	Ylwkydj	Ntrfnck

Alcon Posts Steady Q4 With Signs of Strong Surgical Demand on the Horizon

Damien Conover

Mar 3, 2023

Narrow-moat Alcon posted steady fourth-quarter results, with solid top-line growth augmented by new products, and fairly robust margins in light of continued supply challenges. We see some room for a rebound through 2023-24, but this depends on procedure volumes and supply cost inflation. We don't expect any major changes to our $53 fair value estimate based on its earnings.

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