Morningstar announced that six of its equity analysts have been honored in The Wall Street Journal’s 19th annual Best on the Street analyst survey. Three Morningstar analysts ranked #1, two ranked #2, and one ranked #5 in their respective industries. Morningstar was one of only three research firms that had three analysts who received #1 rankings.
Morningstar analysts who were named “Best on the Street” for 2011 are:
• Daniel Holland, equity analyst, ranked first in the “Electronic and Electrical Equipment” industry, out of 50 analysts;
• Michael Kon, CFA, senior equity analyst, ranked fifth in the “Banks” industry, out of 22 analysts;
• Lauren Migliore, equity analyst, ranked second in the “Biotechnology” industry, out of 73 analysts;
• Keith Schoonmaker, senior equity analyst, ranked first in the “Industrial Transportation” industry, out of 57 analysts;
• David Whiston, CFA, CPA, CFE, senior equity analyst, ranked first in the “Specialty Retailers and Services” industry, out of 78 analysts; and
• Michael Wong, CPA, equity analyst, ranked second in the “Investment Services” industry, out of 45 analysts.
“This is the first year we’ve participated in the The Wall Street Journal survey, and we’re very proud of our analysts’ achievements,” said Catherine Odelbo, president of equity and credit research for Morningstar. ”Our analysts’ long-term views, deep industry knowledge, and focus on the sustainable competitive advantages of the approximately 2,000 companies they cover has led to a great performance track record over the years. This honor is a testament to Morningstar’s proprietary research methodology and to our talented analysts who bring it to life.”
The Wall Street Journal’s Best on the Street survey identifies the top five analysts in each of 44 industries, based only on stock-picking skill. The data was assembled by FactSet, a Norwalk, Conn., company that tracks analysts' recommendations and earnings estimates. To determine the winners, FactSet surveyed nearly 7,000 analysts and more than 500 firms, identifying more than 2,000 analysts at nearly 200 firms that fit the criteria to be counted in the rankings. To be eligible, analysts generally had to follow at least five stocks in an industry group during 2010.
Morningstar provides data on approximately 30,000 stocks and has 117 equity and credit analysts worldwide who provide qualitative analyst coverage on about 2,000 companies globally.
Morningstar will feature interviews with the winning analysts on our websites. Please visit http://hk.morningstar.com for the update.