New York, NY – As Pfizer works to recover from a decline in sales of its Covid-19 vaccine, analysts at Morningstar have identified a list of six top companies that are undervalued as of March 20.
Etsy, the online marketplace for arts and crafts, is seen as a company with strong potential according to Morningstar analyst Sean Dunlop. With its unique offerings and focus on non-commoditized inventories, Etsy is positioned well for growth in the e-commerce sector.
Another notable company on the list is Pfizer, the pharmaceutical giant. Morningstar analyst Damien Conover highlights Pfizer’s strong cash flows and diverse drug portfolio, noting the company’s recent success in launching new drugs in areas such as cancer and immunology.
Estee Lauder, the cosmetics stalwart, is also featured on the list. Morningstar analyst Dan Su praises Estee Lauder for its premium beauty products and category-leading brands, positioning the company for success in the competitive beauty industry.
Campbell Soup, known for its consumer-valued products and strategic focus on innovation, is identified as a company with growth potential by Morningstar analyst Erin Lash. Lash believes Campbell will continue to support its brands through research, development, and marketing efforts.
Media/entertainment colossus Comcast is highlighted for its core cable business and unique assets in content franchises and theme parks, according to Morningstar analyst Michael Hodel. Despite facing challenges in the media landscape, Comcast is expected to remain a key player in the industry.
Nike, the athletic apparel/shoe behemoth, is recognized for its dominance in the athletic footwear market by Morningstar analyst David Swartz. With popular shoe styles and a strong brand presence, Nike is well-positioned to overcome current challenges and maintain its market share.
The list also includes specialty ingredients company International Flavors & Fragrances, biotechnology company Biogen, bond trading platform MarketAxess, and medical device company Zimmer Biomet. These companies are all seen as undervalued by Morningstar analysts.
Overall, the list provides investors with insights into potential opportunities for growth and value in the current market landscape. By identifying undervalued companies with strong fundamentals, investors can make informed decisions when building their investment portfolios.