BMO Capital lowered the firm’s price target on Morningstar (MORN) to $370 from $387 but keeps an Outperform rating on the shares. The company’s Q4 results topped consensus, driven by Credit outperformance, while its revenue growth and margin expansion was better than thought across most operating segments, the analyst tells investors in a research note. Morningstar’s Data & Analytics business saw slower growth and margin contraction however, the firm added.
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