Morningstar price target raised to $355 from $339 at BMO Capital

BMO Capital raised the firm’s price target on Morningstar (MORN) to $355 from $339 and keeps an Outperform rating on the shares after attending its shareholder meeting. The tone on margin expansion was a bit better looking out, and the firm also got greater comfort from Morningstar management on the growth strategy in key business lines, the analyst tells investors in a research note.