Alcon Inc
ALC: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$19.00 | Nrlhq | Gptyldk |
Alcon Showing Strong Recovery, Though Demand Risks Ahead
Narrow-moat Alcon posted strong top-line growth in the third quarter along with relatively balanced adjusted margins despite supply constraints. Currency remains a significant headwind in the near term, and there remain further macroeconomic risks that could affect products that are dependent on elective procedure volume. We are maintaining our fair value estimate of $53 per share.