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Nine stocks saw their ratings change to 2 stars, while four joined the 23 US-listed names in 1-star territory.
Nine US-listed stocks under Morningstar coverage became newly overvalued in the week ended April 2.
KEY POINTS
- AbbVie, BHP Group, Mizuho Financial, CSX, and Sempra are the largest new 2-star stocks.
- Vulcan Materials, Vodafone, MasTec, and Ralph Lauren are the new 1-star stocks, all trading far above fair value.
- MasTec is trading at a 64% premium to its fair value estimate, with high uncertainty.
- Despite market gains, the overall US stock market remains 12% undervalued by Morningstar's estimates.
COMPANIES
Summarized by Newsio from Morningstar. How we summarize →