In a report released yesterday, Jeffrey Silber from BMO Capital maintained a Buy rating on Morningstar (MORN – Research Report), with a price target of $387.00.
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Jeffrey Silber has given his Buy rating due to a combination of factors that highlight Morningstar’s potential for growth and strategic positioning. The appointment of Michael Holt as the new CFO, who has a proven track record in centralizing and scaling research and investment capabilities, is expected to continue driving strategic initiatives, including mergers and acquisitions, which could positively impact Morningstar’s growth prospects.
Additionally, Morningstar’s diverse business segments, including PitchBook and Morningstar Credit, are positioned to benefit from market trends such as increased private market deal activity and strong issuance within U.S. structured finance. The company also shows potential for margin expansion and earnings per share growth, supported by its comprehensive data universe and unique investor relations approach, which collectively enhance its attractiveness to investors.