ABB Gets Off to a Slow Start for 2018
ABB's first-quarter results got off to a slow start with meagre organic revenue growth and margin improvement; however, our expectations for growth this year are fairly modest and the order book growth in the quarter was encouraging. We are maintaining our wide moat rating, but due to currency tailwinds, will likely make modest upward revisions to our CFH 24 and $24 fair value estimates for the local and ADR shares, respectively.Group revenue grew by 1% organically with the Robotics division po...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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