Morningstar Equity Research

Morningstar Equity Research Morningstar's 100 equity analysts provide independent, objective analysis of 1,800 global companies using a proprietary methodology. Their fundamental analysis scrutinizes a company's sustainable competitive advantages.
Browse Research By Date:

Search recent content from Morningstar Equity Research:
Research Alerts: Morningstar Equity Research RSS Feed  Subscribe with My Yahoo!
Receive alerts on the latest reports from Morningstar Equity Research:

Subscribe to Alerts via RSS and never miss the latest research from your favorite databases. Just click the images above to add the feed directly to your favorite newsreader.

 
Latest Research:
Name Date
Morningstar ! C&W Worldwide Reports In Line Fiscal Year Results and Reiterates Support for Vodafone's Bid Morningstar ! C&W Worldwide Reports In Line Fiscal Year Results and Reiterates Support for Vodafone 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Margins Hold Up for China Gerui in Difficult Macro Environment, but the Market Has Other Concerns Morningstar ! Margins Hold Up for China Gerui in Difficult Macro Environment, but the Market Has Other Concerns 2012-05-22
Morningstar Equity Research Morningstar, Inc. prepared this research report at the request of The NASDAQ OMX Group, Inc. Payment for the report is received by Morningstar from NASDAQ OMX. The NASDAQ OMX-listed company that is the subject of this
Morningstar ! HDFC's Profitability Expands in the Third Fiscal Quarter Morningstar ! HDFC 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Increasing Revenue Pushes ICICI's Bottom Line Higher Morningstar ! Increasing Revenue Pushes ICICI 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Growth in Kazakhstan offsetting Tele2's slowdown in Russia. Updated Forecasts and Estimates from 22 May 2012 Morningstar ! Growth in Kazakhstan offsetting Tele2 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Aeroports de Paris' Three-Month 2012 Traffic Results In Line With Guidance Morningstar ! Aeroports de Paris 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Accor Sells Motel 6 and Studio 6 to Blackstone for EUR 1.5 Billion Morningstar ! Accor Sells Motel 6 and Studio 6 to Blackstone for EUR 1.5 Billion 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! BAE's strong incumbency is likely to feel a pinch from budget headwinds. Morningstar ! BAE 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Penn West has lots of light-oil development potential, but costs and economics remain a challenge. Updated Forecasts and Estimates from 22 May 2012 Morningstar ! Penn West has lots of light-oil development potential, but costs and economics remain a challenge. Updated Forecasts and Estimates from 22 May 2012 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Vodafone's Fiscal Year-End Results Produced Better Margins Than We Expected Morningstar ! Vodafone 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Experian's core credit bureau business exists within a stable oligopoly. Updated Forecasts and Estimates from 22 May 2012 Morningstar ! Experian 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! James Hardie's leading position in U.S. and Australian fibre cement markets make it an attractive cyclical counter. Morningstar ! James Hardie 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Penn West has lots of light-oil development potential, but costs and economics remain a challenge. Updated Forecasts and Estimates from 22 May 2012 Morningstar ! Penn West has lots of light-oil development potential, but costs and economics remain a challenge. Updated Forecasts and Estimates from 22 May 2012 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Yahoo Announces Agreement for Partial Sale of Alibaba Group Morningstar ! Yahoo Announces Agreement for Partial Sale of Alibaba Group 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Vodafone's Fiscal Year-End Results Produced Better Margins Than We Expected Morningstar ! Vodafone 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Better Fashion and Weather Help Urban Deliver Decent 1Q Results; Shares Slightly Undervalued Morningstar ! Better Fashion and Weather Help Urban Deliver Decent 1Q Results; Shares Slightly Undervalued 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! We remain cautious as Qiagen continues to face stiff competition within molecular diagnostics. Morningstar ! We remain cautious as Qiagen continues to face stiff competition within molecular diagnostics. 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Precision Castparts Posts Record Results for Fiscal 2012 Morningstar ! Precision Castparts Posts Record Results for Fiscal 2012 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Ralph Lauren Ends Fiscal 2012 on Good Note; Europe Weighs on Outlook but We Like the Long-Term Story Morningstar ! Ralph Lauren Ends Fiscal 2012 on Good Note; Europe Weighs on Outlook but We Like the Long-Term Story 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Near-term challenges remain for Petrobras. Updated Forecasts and Estimates from 22 May 2012 Morningstar ! Near-term challenges remain for Petrobras. Updated Forecasts and Estimates from 22 May 2012 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Medtronic Wraps up Fiscal 2012 With Solid 4Q Morningstar ! Medtronic Wraps up Fiscal 2012 With Solid 4Q 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! JPMorgan Chase's Buyback Plans Scuttled by London Losses Morningstar ! JPMorgan Chase 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Intermodal keeps J.B. Hunt on a growth track. Morningstar ! Intermodal keeps J.B. Hunt on a growth track. 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Increasing Revenue Pushes ICICI's Bottom Line Higher Morningstar ! Increasing Revenue Pushes ICICI 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! HDFC's Profitability Expands in the Third Fiscal Quarter Morningstar ! HDFC 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! The large project construction segment should lead Granite's long-term growth. Updated Forecasts and Estimates from 22 May 2012 Morningstar ! The large project construction segment should lead Granite 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! General Mills Looks to Take Further Costs Out; Shares Fairly Valued Morningstar ! General Mills Looks to Take Further Costs Out; Shares Fairly Valued 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! A wide moat surrounds Equifax's core business. Updated Forecasts and Estimates from 22 May 2012 Morningstar ! A wide moat surrounds Equifax 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Nuclear relicensing concerns present long-term uncertainty. Morningstar ! Nuclear relicensing concerns present long-term uncertainty. 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Eagle announced a 1-for-4 reverse stock split, and is still seeking longer-term restructuring. Updated Forecasts and Estimates from 22 May 2012 Morningstar ! Eagle announced a 1-for-4 reverse stock split, and is still seeking longer-term restructuring. Updated Forecasts and Estimates from 22 May 2012 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! D&B is a stable, wide-moat company with good management. Updated Forecasts and Estimates from 22 May 2012 Morningstar ! D&B is a stable, wide-moat company with good management. Updated Forecasts and Estimates from 22 May 2012 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! ConAgra's Appetite for Acquisitions has Yet to be Satisfied; Shares Slightly Overvalued Morningstar ! ConAgra 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! BBY Saying the Right Things, but Leadership Uncertainty and Competition Still Threats to Turnaround Morningstar ! BBY Saying the Right Things, but Leadership Uncertainty and Competition Still Threats to Turnaround 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! AutoZone Slows Down Due to Seasonal Volatility; Industry Fundamentals Remain Solid Morningstar ! AutoZone Slows Down Due to Seasonal Volatility; Industry Fundamentals Remain Solid 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Apache continues to have success with its acquire-and-exploit model while broadening its exploratory efforts. Updated Forecasts and Estimates from 22 May 2012 Morningstar ! Apache continues to have success with its acquire-and-exploit model while broadening its exploratory efforts. Updated Forecasts and Estimates from 22 May 2012 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! A well-executed strategic plan could return the company to success. Morningstar ! A well-executed strategic plan could return the company to success. 2012-05-22
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Margins Hold Up for China Gerui in Difficult Macro Environment, but the Market Has Other Concerns Margins Hold Up for China Gerui in Difficult Macro Environment, but the Market Has Other Concerns 2012-05-22
? China Gerui Advanced Materials Group Ltd. CHOP [Nasdaq] | QQQQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry #.## USD ##.## USD #.## USD ##.## USD High Narrow
Petrobras holds great potential, but it is not without risk. Petrobras holds great potential, but it is not without risk. 2012-05-22
? Petroleo Brasileiro SA Petrobras PBR [NYSE] | QQQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD ##.## USD ##.## USD High Narrow . Oil & Gas
Steady Sales Growth in Williams-Sonoma's 1Q, but With Several Moving Parts; Shares Fairly Valued Steady Sales Growth in Williams-Sonoma 2012-05-22
? Williams-Sonoma, Inc. WSM [NYSE] | QQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD ##.## USD ##.## USD High None . Specialty Retail . Currency
AutoZone Slows Down Due to Seasonal Volatility; Industry Fundamentals Remain Solid AutoZone Slows Down Due to Seasonal Volatility; Industry Fundamentals Remain Solid 2012-05-22
? AutoZone Inc AZO [NYSE] | QQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ###.## USD ###.## USD ###.## USD ###.## USD Medium Narrow . Specialty Retail BBB Currency
We remain cautious as Qiagen continues to face stiff competition within molecular diagnostics. We remain cautious as Qiagen continues to face stiff competition within molecular diagnostics. 2012-05-22
? Qiagen NV QGEN [Nasdaq] | QQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD #.## USD ##.## USD Medium None . Diagnostics & Research . Currency amounts
Take-Two Interactive is Loaded for Killer 2013 Take-Two Interactive is Loaded for Killer 2013 2012-05-22
? Take-Two Interactive Software, Inc. TTWO [Nasdaq] | QQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD #.## USD ##.## USD Very High None
A long-term restructuring solution will be necessary for Eagle to stay afloat. A long-term restructuring solution will be necessary for Eagle to stay afloat. 2012-05-22
? Eagle Bulk Shipping, Inc. EGLE [Nasdaq] | QQQQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry #.## USD #.## USD #.## USD #.## USD Very High None . Shipping
ConAgra's Appetite for Acquisitions has Yet to be Satisfied; Shares Slightly Overvalued ConAgra 2012-05-22
? ConAgra Foods, Inc. CAG [NYSE] | QQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD ##.## USD ##.## USD Medium Narrow . Packaged Foods A
Medtronic Wraps up Fiscal 2012 With Solid 4Q Medtronic Wraps up Fiscal 2012 With Solid 4Q 2012-05-22
? Medtronic, Inc. MDT [NYSE] | QQQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD ##.## USD ##.## USD Medium Wide . Medical Devices AA- Currency
Bonavista Energy is the value investor of the Canadian oil patch. Bonavista Energy is the value investor of the Canadian oil patch. 2012-05-22
? Bonavista Energy Corp BNP [TSE] | QQQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## CAD ##.## CAD ##.## CAD ##.## CAD High Narrow . Oil & Gas E
Apache continues its successful acquire-and-exploit model while broadening its exploratory efforts. Apache continues its successful acquire-and-exploit model while broadening its exploratory efforts. 2012-05-22
? Apache Corporation APA [NYSE] | QQQQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ###.## USD ##.## USD ###.## USD Medium Narrow . Oil & Gas E&P
Penn West has lots of light-oil development potential, but costs and economics remain a challenge. Penn West has lots of light-oil development potential, but costs and economics remain a challenge. 2012-05-22
? Penn West Petroleum Ltd PWE [NYSE] | QQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD #.## USD ##.## USD High None . Oil & Gas
Weis' price freeze program would come under pressure if food cost inflation fails to alleviate. Weis 2012-05-22
? Weis Markets, Inc. WMK [NYSE] | QQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD ##.## USD ##.## USD Medium None . Grocery Stores . Currency
The large project construction segment should lead Granite's long-term growth. The large project construction segment should lead Granite 2012-05-22
? Granite Construction Inc. GVA [NYSE] | QQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD ##.## USD ##.## USD High None . Engineering & Construction BBB
Nuclear relicensing concerns present long-term uncertainty. Nuclear relicensing concerns present long-term uncertainty. 2012-05-22
? Entergy Corp ETR [NYSE] | QQQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD ##.## USD ###.## USD Medium Narrow . Utilities - Diversified BBB Currency
A well-executed strategic plan could return the company to success. A well-executed strategic plan could return the company to success. 2012-05-22
? Aeropostale, Inc. ARO [NYSE] | QQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD ##.## USD ##.## USD High None . Apparel Stores . Currency amounts
Old Republic to Spin Off Troubled Operations Old Republic to Spin Off Troubled Operations 2012-05-22
? Old Republic International ORI [NYSE] | QQQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry #.## USD ##.## USD #.## USD ##.## USD High Narrow . Insurance - Diversified BBB
Precision Castparts Posts Record Results for Fiscal 2012 Precision Castparts Posts Record Results for Fiscal 2012 2012-05-22
? Precision Castparts Corp. PCP [NYSE] | QQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ###.## USD ###.## USD ###.## USD ###.## USD High Narrow . Metal Fabrication . Currency
Ralph Lauren Ends Fiscal 2012 on Good Note; Europe Weighs on Outlook but We Like the Long-Term Story Ralph Lauren Ends Fiscal 2012 on Good Note; Europe Weighs on Outlook but We Like the Long-Term Story 2012-05-22
? Ralph Lauren Corp RL [NYSE] | QQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ###.## USD ###.## USD ##.## USD ###.## USD Medium Narrow . Apparel Manufacturing A
General Mills Looks to Take Further Costs Out; Shares Fairly Valued General Mills Looks to Take Further Costs Out; Shares Fairly Valued 2012-05-22
? General Mills, Inc. GIS [NYSE] | QQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD ##.## USD ##.## USD Low Narrow . Packaged Foods A
Vodafone's Fiscal Year-End Results Produced Better Margins Than We Expected Vodafone 2012-05-22
? Vodafone Group PLC VOD [Nasdaq] | QQQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD ##.## USD ##.## USD Medium Narrow . Telecom Services . Currency
A wide moat surrounds Equifax's core business. A wide moat surrounds Equifax 2012-05-22
? Equifax, Inc. EFX [NYSE] | QQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD ##.## USD ##.## USD Medium Wide . Business Services . Currency amounts
Dun & Bradstreet is a stable, wide-moat company with good management. Dun & Bradstreet is a stable, wide-moat company with good management. 2012-05-22
? Dun & Bradstreet Corporation DNB [NYSE] | QQQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD ##.## USD ###.## USD Medium Wide . Business Services . Currency
BBY Saying the Right Things, but Leadership Uncertainty and Competition Still Threats to Turnaround BBY Saying the Right Things, but Leadership Uncertainty and Competition Still Threats to Turnaround 2012-05-22
? Best Buy Co Inc BBY [NYSE] | QQQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD ##.## USD ##.## USD High None . Specialty Retail
G&K must improve its operational structure before it can match the profitability of its peers. G&K must improve its operational structure before it can match the profitability of its peers. 2012-05-22
? G & K Services, Inc. GKSR [Nasdaq] | QQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD ##.## USD ##.## USD High None . Business Services
Penn West has lots of light-oil development potential, but costs and economics remain a challenge. Penn West has lots of light-oil development potential, but costs and economics remain a challenge. 2012-05-22
? Penn West Petroleum Ltd PWT [TSE] | QQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## CAD ##.## CAD #.## CAD ##.## CAD High None . Oil & Gas
EMC is positioned to capitalize on the expanding storage needs of corporate data centers. EMC is positioned to capitalize on the expanding storage needs of corporate data centers. 2012-05-22
? EMC Corporation EMC [NYSE] | QQQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD ##.## USD ##.## USD Medium Narrow . Data Storage A+ Currency
Better Fashion and Weather Help Urban Deliver Decent 1Q Results; Shares Slightly Undervalued Better Fashion and Weather Help Urban Deliver Decent 1Q Results; Shares Slightly Undervalued 2012-05-21
? Urban Outfitters Inc. URBN [Nasdaq] | QQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## USD ##.## USD ##.## USD ##.## USD High None . Apparel Stores . Currency
Challenges mount for Talisman in 2012 as it targets lower spending and asset divestitures. Challenges mount for Talisman in 2012 as it targets lower spending and asset divestitures. 2012-05-21
? Talisman Energy Inc TLM [TSE] | QQQQ TM Last Price Fair Value Consider Buy Consider Sell Uncertainty Economic Moat Stewardship Morningstar Credit Rating Industry ##.## CAD ##.## CAD #.## CAD ##.## CAD High None . Oil & Gas E
Morningstar ! Igloo venture given green light but regulatory concerns persist Morningstar ! Igloo venture given green light but regulatory concerns persist 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Statoil plans to leverage expertise gained in Norway to grow production internationally. Updated Forecasts and Estimates from 21 May 2012 Morningstar ! Statoil plans to leverage expertise gained in Norway to grow production internationally. Updated Forecasts and Estimates from 21 May 2012 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Mahindra's increased presence in low-end and high-end tractor segments should help preserve leading market share. Updated Forecasts and Estimates from 21 May 2012 Morningstar ! Mahindra 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! EADS Maintains 2012 Guidance, but A380 Issues Increase Risk Morningstar ! EADS Maintains 2012 Guidance, but A380 Issues Increase Risk 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Enel's guidance cuts signal increasing fundamental pressure in Italy and Spain. Updated Forecasts and Estimates from 21 May 2012 Morningstar ! Enel 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Barclays to Sell Stake in BlackRock Morningstar ! Barclays to Sell Stake in BlackRock 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Igloo venture given green light but regulatory concerns persist Morningstar ! Igloo venture given green light but regulatory concerns persist 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Challenges mount for Talisman in 2012 as it targets lower spending and asset divestitures. Updated Forecasts and Estimates from 21 May 2012 Morningstar ! Challenges mount for Talisman in 2012 as it targets lower spending and asset divestitures. Updated Forecasts and Estimates from 21 May 2012 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Long-term thesis intact, although near-term competitive heat might make it a bumpy ride. Morningstar ! Long-term thesis intact, although near-term competitive heat might make it a bumpy ride. 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Texas Capital's earnings growth is propelled by its brisk loan portfolio expansion. Updated Forecasts and Estimates from 21 May 2012 Morningstar ! Texas Capital 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Challenges mount for Talisman in 2012 as it targets lower spending and asset divestitures. Updated Forecasts and Estimates from 21 May 2012 Morningstar ! Challenges mount for Talisman in 2012 as it targets lower spending and asset divestitures. Updated Forecasts and Estimates from 21 May 2012 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! TIM Brazil's turnaround story now seems complete. Morningstar ! TIM Brazil 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Despite a More Modest Outlook, We Think Sysco Should Serve Up Continued Cost Savings and Share Gains Morningstar ! Despite a More Modest Outlook, We Think Sysco Should Serve Up Continued Cost Savings and Share Gains 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Statoil plans to leverage expertise gained in Norway to grow production internationally. Updated Forecasts and Estimates from 21 May 2012 Morningstar ! Statoil plans to leverage expertise gained in Norway to grow production internationally. Updated Forecasts and Estimates from 21 May 2012 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Long-term thesis intact, although near-term competitive heat might make it a bumpy ride. Morningstar ! Long-term thesis intact, although near-term competitive heat might make it a bumpy ride. 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! And the PJM Capacity Auction Winner Is: Everyone Morningstar ! And the PJM Capacity Auction Winner Is: Everyone 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! And the PJM Capacity Auction Winner Is: Everyone Morningstar ! And the PJM Capacity Auction Winner Is: Everyone 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! And the PJM Capacity Auction Winner Is: Everyone Morningstar ! And the PJM Capacity Auction Winner Is: Everyone 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Placing National Bank of Greece Under Review. See Updated Analyst Note from 21 May 2012 Morningstar ! Placing National Bank of Greece Under Review. See Updated Analyst Note from 21 May 2012 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Promising 1Q From Mobile TeleSystems Morningstar ! Promising 1Q From Mobile TeleSystems 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Warm Weather Net Positive, but 1Q Results and Updated Outlook Frame Lowe's Multiyear Turnaround Morningstar ! Warm Weather Net Positive, but 1Q Results and Updated Outlook Frame Lowe 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Limited Brands Beats Revised Guidance and Raises Full Year; Shares Slightly Undervalued. Updated Forecasts and Estimates from 18 May 2012 Morningstar ! Limited Brands Beats Revised Guidance and Raises Full Year; Shares Slightly Undervalued. Updated Forecasts and Estimates from 18 May 2012 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! JPMorgan Chase's Buyback Plans Scuttled by London Losses Morningstar ! JPMorgan Chase 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Humana Sees Higher Medical Costs in 1Q; We Project Ongoing Margin Pressure in Coming Years. Updated Forecasts and Estimates from 21 May 2012 Morningstar ! Humana Sees Higher Medical Costs in 1Q; We Project Ongoing Margin Pressure in Coming Years. Updated Forecasts and Estimates from 21 May 2012 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Grupo Simec's main product is currently a hot commodity, but high costs still restrain profits. Updated Forecasts and Estimates from 18 May 2012 Morningstar ! Grupo Simec 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Changes Implemented at Gap Appear to Be Taking Hold; Shares Overvalued. Updated Forecasts and Estimates from 18 May 2012 Morningstar ! Changes Implemented at Gap Appear to Be Taking Hold; Shares Overvalued. Updated Forecasts and Estimates from 18 May 2012 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! And the PJM Capacity Auction Winner Is: Everyone Morningstar ! And the PJM Capacity Auction Winner Is: Everyone 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! We're Decreasing the Uncertainty Ratings on Many Transportation Stocks. Updated Forecasts and Estimates from 18 May 2012 Morningstar ! We 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! And the PJM Capacity Auction Winner Is: Everyone. See Updated Analyst Note from 21 May 2012 Morningstar ! And the PJM Capacity Auction Winner Is: Everyone. See Updated Analyst Note from 21 May 2012 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! And the PJM Capacity Auction Winner Is: Everyone Morningstar ! And the PJM Capacity Auction Winner Is: Everyone 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Eaton to Buy Cooper Industries; We View the Price as Fair Morningstar ! Eaton to Buy Cooper Industries; We View the Price as Fair 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! And the PJM Capacity Auction Winner Is: Everyone Morningstar ! And the PJM Capacity Auction Winner Is: Everyone 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Donaldson Delivers Strong Third Quarter, Announces Chinese Manufacturing Expansion Morningstar ! Donaldson Delivers Strong Third Quarter, Announces Chinese Manufacturing Expansion 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! And the PJM Capacity Auction Winner Is: Everyone Morningstar ! And the PJM Capacity Auction Winner Is: Everyone 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
Morningstar ! Strength in its core uniform business continues to be the main driver of profitability at Cintas. Updated Forecasts and Estimates from 18 May 2012 Morningstar ! Strength in its core uniform business continues to be the main driver of profitability at Cintas. Updated Forecasts and Estimates from 18 May 2012 2012-05-21
Morningstar Equity Research © Morningstar ####. All Rights Reserved. Morningstar s Credit Ratings & Research is produced and offered by Morningstar, Inc., which is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization ("NRSRO
1 2 Next