Undervalued Stocks with Recent Dividend Hikes

Three undervalued stocks that raised dividends by at least 2% in December are Zoetis (ZTS), Edison International (EIX), and Lamb Weston Holdings (LW). These companies were screened from the Morningstar Dividend Composite Index and rated 4 or 5 stars by Morningstar analysts, indicating they are considered undervalued. Zoetis has a fair value estimate of $171.00, Edison International's fair value estimate is $80.00, and Lamb Weston Holdings' fair value estimate is also $80.00.