Bausch & Lomb Corp
BLCO: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$46.00 | Hlsvvh | Rwzpzqcf |
Bausch & Lomb Earnings: Strong End to 2023; We Expect 2024 to Bring Innovation and Growth
Narrow-moat Bausch & Lomb reported fourth-quarter earnings that were ahead of our expectations. Total sales were up 17.8% year over year thanks to strong performance across the board. We maintain our fair value estimate of $26 per share (CAD 34.50 per share) as the results didn't significantly change our long-term outlook for the company.