Report
Damien Conover
EUR 100.00 For Business Accounts Only

Sanofi Posts Solid 1Q as Specialty-Care Drugs Drive Overall Growth; Shares Look Undervalued

Sanofi reported first-quarter results that were largely in line with our expectations, and we don't expect any major changes to our fair value estimate. We continue to view the stock as undervalued, with the investment community likely underappreciating the increasing strength of the company's positioning in specialty drugs versus older primary-care drugs. This shift also strengthens the company's overall pricing power, which gives us increased conviction in the company's wide moat.
In the quart...
Underlying
Sanofi S.A. ADS

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Damien Conover

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