BMO Capital Maintains a Buy Rating on Morningstar (MORN), Keeps the PT Unchanged

​Morningstar, Inc. (NASDAQ:MORN) is one of the Oversold Financial Stocks to Buy According to Hedge Funds. On September 29, Jeffrey Silber from BMO Capital maintained a Buy rating on Morningstar, Inc. (NASDAQ:MORN) with a price target of $325.

​The analyst noted that the company’s investment in Credit Rating, Licensed Data products, and platform enhancements is bringing positive developments and strategic growth. This is because the company’s Direct Platform has shown improved organic growth in the EMEA and APAC regions, which the analyst notes are challenging markets for US asset managers due to cost sensitivity and fee pressure. Silber expects the company to maintain a strong balance sheet as a result of this growth.

​Moreover, Silber noted that the company’s Pitchbook Platform is also positioned well due to its strategic data advantage. The company has built the platform with years of infrastructural investment, and the platform is backed by rigorous data verification processes. The analyst believes that the company’s potential for margin expansion and anticipated EPS growth make it an attractive investment opportunity.

Morningstar, Inc. (NASDAQ:MORN) is an independent investment research, data, and analysis provider that helps investors make informed decisions.

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Disclosure: None. This article is originally published at Insider Monkey.