Bureau Veritas Persists Through Testing Times; 3Q In Line
Testing stalwart Bureau Veritas reported a third-quarter update very much in line with our expectations for the full year. Organic revenue growth was 1.6% for the first nine months, accelerating slightly to 2.2% in the third quarter. We do not expect to make any material changes to our forecasts on the back of this update, nor to our EUR 21 fair value estimate. We believe the shares are currently fairly valued.Divisionally, the patterns that we saw earlier in the year and in 2016 continued into...
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.
We have operations in 27 countries.
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