Baxter International Inc
BAX: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$98.00 | Yhpbcv | Txtytqfs |
Baxter Earnings: Better Than Expected but Down on Previous Supply Chain Pressures
Narrow-moat Baxter mildly exceeded expectations in the first quarter, and management raised its outlook for 2023. We increased our expectations for 2023 slightly, but that did not have a material impact on our $67 fair value estimate. Shares remain undervalued.