CHICAGO, May 10, 2011 /PRNewswire/ -- Morningstar, Inc.
(NASDAQ: MORN), a leading provider of independent investment
research, today announced that six of its equity analysts have been
honored in The Wall Street Journal's 19th annual Best on the
Street analyst survey, published today. Three Morningstar analysts
ranked #1, two ranked #2, and one ranked #5 in their respective
industries. Morningstar was one of only three research firms that
had three analysts who received #1 rankings.
Morningstar analysts who were named "Best on the Street" for
2011 are:
- Daniel Holland, equity analyst,
ranked first in the "Electronic & Electrical Equipment"
industry, out of 50 analysts;
- Michael Kon, CFA, senior equity
analyst, ranked fifth in the "Banks" industry, out of 22
analysts;
- Lauren Migliore, equity analyst,
ranked second in the "Biotechnology" industry, out of 73
analysts;
- Keith Schoonmaker, senior equity
analyst, ranked first in the "Industrial Transportation" industry,
out of 57 analysts;
- David Whiston, CFA, CPE, CFE,
senior equity analyst, ranked first in the "Specialty Retailers and
Services" industry, out of 78 analysts; and
- Michael Wong, CPA, equity
analyst, ranked second in the "Investment Services" industry, out
of 45 analysts.
"This is the first year we've participated in the The
Wall Street Journal survey, and we're very proud of our
analysts' achievements," said Catherine Odelbo, president of equity
and credit research for Morningstar. "Our analysts' long-term
views, deep industry knowledge, and focus on the sustainable
competitive advantages of the approximately 2,000 companies they
cover has led to a great performance track record over the years.
This honor is a testament to Morningstar's proprietary research
methodology and to our talented analysts who bring it to life."
The Wall Street Journal's Best on the Street survey
identifies the top five analysts in each of 44 industries, based
only on stock-picking skill. The data was assembled by FactSet, a
Norwalk, Conn., company that
tracks analysts' recommendations and earnings estimates. To
determine the winners, FactSet surveyed nearly 7,000 analysts and
more than 500 firms, identifying more than 2,000 analysts at nearly
200 firms that fit the criteria to be counted in the rankings. To
be eligible, analysts generally had to follow at least five stocks
in an industry group during 2010.
Morningstar will feature interviews with the winning analysts on
Morningstar.com, http://www.morningstar.com/goto/stockpickers,
located on the site's Stocks tab. Morningstar.com Premium members
will have access to a special report, "Insights from the Best on
the Street," which contains PDF reports of some of the analysts'
stock picks. Institutional investors can access their
research and valuation models at Morningstar's institutional
research portal, http://select.morningstar.com/welcome/.
Morningstar provides data on approximately 30,000 stocks and has
117 equity and credit analysts worldwide who provide qualitative
analyst coverage on about 2,000 companies globally.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent
investment research in North
America, Europe,
Australia, and Asia. The company offers an extensive line of
Internet, software, and print-based products and services for
individuals, financial advisors, and institutions. Morningstar
provides data on approximately 390,000 investment offerings,
including stocks, mutual funds, and similar vehicles, along with
real-time global market data on more than 5 million equities,
indexes, futures, options, commodities, and precious metals, in
addition to foreign exchange and Treasury markets. Morningstar also
offers investment management services and has nearly $140 billion in assets under advisement and
management as of March 31, 2011. The
company has operations in 26 countries.
©2011 Morningstar, Inc. All rights reserved.
MORN-C
Media Contacts:
Nadine Youssef, 312-696-6601 or
nadine.youssef@morningstar.com
Shawn Malayter, 312-696-6050 or
shawn.malayter@morningstar.com
SOURCE Morningstar, Inc.