Alcon Inc

ALC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$27.00	Jdcfb	Zmnjlmqn

Alcon Showing Strong Recovery, Though Demand Risks Ahead

Damien Conover

Nov 17, 2022

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.

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