Initiating Coverage of Veoneer with a Narrow Moat Rating and a $24 FVE
We are initiating coverage of Veoneer, supplier to the global automotive industry of advanced driver assist systems, or ADAS, highly automated driving, or HAD, and automated driving, or AD, technologies, with a narrow moat rating and a $24 fair value estimate. We expect global automakers' adoption of Veoneer technologies to support estimated 12% average annual revenue growth for the next 10 years. Veoneer technologies enable automakers' vehicles to receive coveted four- and five-star crash test ...
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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