BMO Capital Reiterates Outperform Rating on Morningstar (MORN)

BMO Capital analyst Jeffrey Silber reiterated an Outperform rating and $212.00 price target on Morningstar (NASDAQ: MORN).

The analyst commented: "We summarize the most recent iteration of MORN's Q&A below, which focused largely on details around the MCP protocol with MORN Direct Platform and PitchBook. We believe this medium can act as an effective sales channel as adoption scales over time. Management additionally disclosed PitchBook clients by firm type, with "Company" declining from 34% to 28% and the only meaningful deviation from when last disclosed roughly one year ago; this was unsurprising given the noted weakness in this firm type."

For an analyst ratings summary and ratings history on Morningstar click here. For more ratings news on Morningstar click here.

Shares of Morningstar closed at $141.84 yesterday.

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