Morningstar® Equity Research Services
Independent insights and proven methodology.
For Portfolio Managers and Institutional Investors
For Financial Advisors
Morningstar Methodology
For Portfolio Managers and Institutional Investors
Morningstar® Institutional Equity Research Services helps institutional investors and portfolio managers extend their internal research capabilities and support investment decisions. Through our institutional web portal and a variety of third-party platforms, institutional investors can connect with our unbiased, in-depth equity research on more than 1,400 global companies. Our institutional clients get regular and special reports, market overviews, and investment ideas resulting from our proven methodology. They can engage directly with our equity analysts, who specialize in sectors and industries, to discuss company valuations, forecasts, industry dynamics, and competitive landscapes.

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Detailed Company Reports and Research Portal
Tailored for institutional investors, our company reports go beyond the standard analyst reports, presenting industry context along with detailed discussions of company valuation and scenario analysis. There’s a focus on the Morningstar® Economic Moat™ Rating and Morningstar® Moat Trend™ Rating assigned to a company to characterize its sustainable competitive advantage. Our institutional reports combine expanded qualitative discussions with in-depth quantitative analysis, including detailed pro forma financial statements and explicit fundamental forecasts.

We offer fully populated discounted cash flow models that contain 10 years of historical financial detail and include our analysts’ definitive forecasts. Institutional investors have access to these models for every company we cover to explore the analyst’s detailed valuation assumptions, or enter their own assumptions to generate custom output.

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Analyst Access
As an institutional client, you can do more than just read the reports: you can go straight to the source, discussing, analysis and outlooks with the equity analysts in-person, by phone, or through email. Our annual Morningstar Moat conference offers attendees an opportunity to hear from our analysts about the moat-rated companies they cover.

Talented Leadership
Our analyst team is led by:

Michael Holt, CFA
Global Head of Equity and Corporate Credit Research

Elizabeth Collins, CFA
Director of Equity Research, North America

Carolyn Holmes, CPA
Director of Equity Research, Australia/New Zealand

Alex Morozov, CFA
Director of European Equity Research

Lorraine Tan, CFA
Director of Equity Research, Asia

Morningstar Equity Research Sector Team Directors
NameSectorCredentialsTenure with Morningstar (Years)Experience (Years)
Adam FleckConsumerCFA99
Damien ConoverHealthcareCFA, Masters in Finance815
Daniel RohrBasic MaterialsCFA, MBA, Masters in International Studies813
Stephen SimkoEnergyCFA77
Keith SchoonmakerIndustrialsCFA, MBA88
Peter WahlstromTechnologyCFA, MBA517
Stephen EllisFinancialsMBA88
Travis MillerUtilitiesMBA88

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