BMO Capital Starts Morningstar (MORN) at Outperform

BMO Capital analyst Jeff Silber initiates coverage on Morningstar (NASDAQ: MORN) with a Outperform rating and a price target of $352.00.

The analyst comments "We launch coverage on MORN with an Outperform rating. MORN provides investment research and analysis, fund ratings, and other professional services, with potential share expansion across its many markets. Revenue growth has been fairly consistent throughout its history owing to its mostly licensed-based products. Margins have begun to expand as the company benefits from recent investments. We believe the stock is undervalued compared to peers. The lack of management contact with Wall Street (no conference calls, financial guidance) could add volatility to its shares especially around earnings releases."

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 $305.47 yesterday.

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