Grifols Shares Remain Slightly Undervalued Following Continued Strength in 2Q
Grifols reported strong second-quarter results, with 10.3% constant currency top-line growth and an adjusted EBITDA margin of 30.2%, which reflected a continuation of rapid growth in its core bioscience business and accelerating revenue growth for its diagnostics arm. We're increasing our projections for the year, but this does not have a significant impact on our fair value estimate; we’re slightly raising our fair value estimate for the Grifols ADR to $22.50 (from $21) due to exchange rate flu...
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