Graco Inc
GGG: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| BY | LOCK|G!w | LOCK|Bv%?!!! |
Graco Earnings: Continued Softness in China and Semiconductor End Market
Wide-moat-rated Graco’s fourth-quarter adjusted EPS of $0.64 fell $0.15 short of our expectations. Nonetheless, we view headwinds in China and in the semiconductor market as temporary, and we’ve kept our long-term projections largely unchanged. After rolling our model forward one year, we’ve slightly raised our fair value estimate to $79 per share from $78, mostly due to time value of money.
