BioMerieux SA

BIM: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€223.00	Lxgzr	Yhjqsdv

BioMerieux Reports Strong Q1 but Tempers Growth Outlook; Exceeding 2020 Heights May Prove Difficult

Aaron Degagne

Apr 27, 2021

Narrow-moat BioMerieux reported strong first-quarter results, though management tempered growth expectations for the rest of the year with several tough comparable quarters ahead. The market reacted negatively to results, sending shares down over 7%. However, we are leaving our EUR 87 fair value estimate intact, and we don’t see results having a material impact on our longer-term projections.

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