Redburn analyst Russell Quelch downgraded Morningstar to Neutral from Buy. While arguing that data and analytics providers will have a significant opportunity to capitalize on increasingly complex risks in the financial markets, Quelch tells investors he prefers providers that have invested in data and analytics capabilities and whose structural growth the market is underappreciating. Meanwhile, investors need to be aware of the potential drag on margins from companies having to invest to stay competitive, Quelch added.
Published first on TheFly
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