Bausch & Lomb Corp

BLCO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$94.00	Brqwbl	Qswycsjn

We Maintain Our Long-Term Thesis on Bausch & Lomb Despite Temporary Currency Headwinds

Damien Conover , Matthew Sanders

Nov 3, 2022

Narrow–moat Bausch & Lomb posted moderate third-quarter results. Though organic growth was strong across segments, negative currency conversions brought top-line growth to negative 1% while supply constraints put mild pressure on operating costs. We view these headwinds as temporary compared with our long-term growth outlook for the firm, so we are maintaining our fair value estimate of $25 per share.

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