Melrose Industries PLC
MRO: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 573.00 | Nxylz | Dbdnpwjk |
Melrose Industries: We Initiate Coverage With a Wide Moat and Fair Value of GBX 870; Shares Undervalued
We are initiating coverage of Melrose Industries with a wide moat and fair value estimate of GBX 870 per share, backed by anticipated growth in flight hours largely fueled by leisure travel and alongside a surge in defense expenditure in response to escalating global security concerns. The valuation is further bolstered by a strategic shift in product mix toward higher-margin aftermarket revenue.