We’re raising our fair value estimate to $21 per share.
Economic uncertainty has weighed on the stock, though we believe headwinds are more than priced in.
Raising fair value estimate for United stock to $59.
We are maintaining our $56 fair value estimate and continue to believe the stock is undervalued.
The airline stock’s fair value estimate was raised to $20 from $19.50 after posting its second consecutive quarter of profitability.
The worst of United’s operational cost challenges are behind the company, and demand for leisure travel remains robust.
Aerospace, defense, and waste management have led the Morningstar US Industrials Index’s outperformance.
Logistics and trucking shares should rebound through the rest of this year and next.
Demand is likely to cool, but we expect construction will start to rebound in 2024.
But construction should rebound.
U.S. airlines are also worth considering.
What Morningstar's analyst thinks of D.R. Horton, Lennar, and Toll Brothers today.
The sector looks overpriced to us today, but there are a few bargains to be had.
After a strong performance in 2021, the sector offers little opportunity today.
Patient investors can capitalize on market turmoil.
We think business travelers will fly again in late 2021.
We think some estimates of the housing shortage are too severe.
But more-affordable homes will be needed to realize millennials' ownership potential.
We expect the U.S. to increase spending on missiles, missile defense, and space militarization.
Incoming administration could be a boon for infrastructure spending.
The aerospace, defense, and industrial distribution industries look undervalued.
Housing market has been a bright spot during the pandemic.
After a difficult first quarter and decline in revenue, we are maintaining our fair estimate for the no-moat firm.
No-moat-rated American Airlines reported a difficult first quarter as the COVID-19 pandemic has ground air traffic to a near-halt. We had previously priced in a very difficult 2020 and we are maintaining our $15.70 fair value estimate.
It's difficult to say with any certainty when air traffic will return, but we are confident that demand will eventually bounce back.
We decrease our fair value estimate for the no-moat firm after the airline industry has been grounded due to the COVID-19 pandemic.
Long-term opportunities now abound in the sector, but defense prime contractors are particularly smart plays right now.
Defense contractors could be a smart play in this volatile environment.
We don't predict any long-lasting changes to companies' supply-chain structures.
This firm's shares are currently undervalued pending its acquisition of Anixter. We suggest buying in before the market realizes the potential of this combined entity.
Equipment-rental firms are also worth watching.
Robust third-quarter housing data has stretched most valuations.
Masco used acquisitions to become a powerhouse, but now it's slimming down.
We think demand is poised to rebound, despite recession fears, and we expect Lennar to benefit.
Wesco is trading almost 50% below our fair value estimate.
Even with our cooler outlook, there are values to be had.
Despite a drop in homebuilder sentiment recently, we see elevated levels of new residential construction in the coming years.
Brian Bernard says there's more to housing demand than just rising prices and higher mortgage rates, but we are bullish on our long-term housing outlook.
The wide-moat industrial distributor's growth is being driven by improving end market demand and the company's vending and onsite growth efforts.
Lennar's strong third-quarter results and fiscal 2019 guidance are hardly reflective of a housing recovery that has run its course.
This wide-moat security products company is attractively valued.
The company is looking at strategic alternatives for its power solutions segment.
he homebuilder's results topped consensus revenue and EPS estimates, despite rising mortgage rates.
We're maintaining our fair value estimate on the narrow-moat industrial distributor.
Recent performance has been choppy, but the narrow-moat firm's building technologies business has one of the most comprehensive product portfolios in the industry.
We continue to expect the wide-moat industrial distributor's top line to grow at a faster pace in 2018 than it did in 2017.
USG claims that Knauf's offer is far too low, but we believe it's is fair.
A well-structured spin-off or a favorable selling price could create shareholder value for the narrow-moat firm.
The company shared detailed financial projections during its inaugural investor day, signaling management's confidence in its strategy.
Our analysts don't see a big impact on industrial firms from the tariff threat.