West Pharmaceutical Services Inc

WST: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$476.00	Xjqx	Jqbmzrgqd

West Pharmaceutical Earnings: Maintaining Valuation as Base Business Sees Solid Growth and Margins

Karen Andersen

Jul 30, 2023

West Pharmaceutical saw a 2.3% net sales decline in the second quarter, with a sharper decline in adjusted diluted EPS, but management slightly raised expectations for both measures for the full year. Our earnings forecast was already above the high end of prior guidance, so we are maintaining our $290 fair value estimate.

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