With Read at the helm, WPP Reports Mixed 1H Results; Maintaining GBX 1,500 FVE; Shares Undervalued
WPP reported a mixed first-half 2018, with total revenue coming in above expectations but earnings missing consensus. While weakness in North America persisted, mainly on the creative side, WPP did post year-over-year organic revenue growth in the second quarter and the first six months of 2018 for the first time since early 2017. Management, led by the newly appointed CEO, Mark Read, now expects the firm to end 2018 with organic revenue growth, unlike its initial guidance of no growth. However,...
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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