While fourth-quarter earnings have been weak, the picture could have been a lot worse.
Against this backdrop, for the first time since the start of 2022, following fourth-quarter earnings Morningstar analysts overall nudged up fair value estimates on the U.S.-listed stocks they cover.
That was especially the case in the basic materials, industrials, and technology sectors, where analysts lifted their fair value estimates by 10% or higher more frequently than in any other sector.
Read more here: https://www.morningstar.com/articles/1141419/3-stock-sectors-with-big-fair-value-estimate-increases-after-q4-earnings
