Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Equity Bottom-Up

We are reinitiating coverage of Alphabet with a wide economic moat rating and a fair value estimate of $780.Alphabet’s wide moat is based on the sustainable competitive advantages derived from its intangible assets, including the firm’s technological expertise in search algorithms and machine learning, access to and accumulation of data, and the Google brand, in addition to the network effect.Analyst: Ali Mogharabi

We are reinitiating coverage of Alphabet with a wide economic moat rating and a fair value estimate of $780.Alphabet’s wide moat is based on the sustainable competitive advantages derived from its intangible assets, including the firm’s technological expertise in search algorithms and machine learning, access to and accumulation of data, and the Google brand, in addition to the network effect.Analyst: Ali Mogharabi

Reinitiating Coverage of Alphabet With Wide Economic Moat, Stable Trend, and FVE of $780