Baxter International Inc

BAX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$53.00	Fsvjnml	Jtwlhgnk

Baxter: Cuts Into Valuation by Selling Kidney Care Segment at a Discount to Intrinsic Value

Julie Utterback

Aug 13, 2024

Narrow-moat Baxter announced plans to sell its kidney care segment to Carlyle, a private equity investor, for $3.8 billion. To reflect the planned divestiture of its kidney care segment below intrinsic value, we are reducing our fair value estimate on Baxter to $62 per share from $67 previously. Baxter shares remain materially undervalued.

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