Morningstar, Inc. - October 14, 2025
Morningstar’s Guide to Public/Private Investing
Plus: Public/Private Fund Liquidity: What You Need to Know, How...
 Morning DigestOctober 14, 2025 Tori Brovet What investors need to know about the risks, opportunities, and key happenings in the public/private convergence. 
ADVERTISEMENT  Editor's Picks  A primer on the differences between public and private investing. Tom Lauricella  Liquidity in investing can be taken for granted—until you need it. Chris Tate  What you need to know about the advantages and risks of investing in private equity. Amy Arnott Investing Insights Plus, an earnings season preview. David Sekera, Susan Dziubinski Plus: Earnings season, crypto and the search for a safe haven. Dan Kemp ConocoPhillips and NetEase are among the stocks that fell into undervalued territory. Bella Albrecht Vertex and American Electric Power are among the stocks rated as expensive. Bella Albrecht Why investors will tap out of good markets when they dip, and how to not let valuations lead you away from future returns. Jess Bebel After the SEC’s groundbreaking green light, ETF share classes are poised to give investors new options and, in some cases, better capabilities. Daniel Sotiroff, Bryan Armour More We’ve raised our fair value estimate of Broadcom stock. William Kerwin New Stock Analyst Reports BRP (DOO) introduced its goals for fiscal 2028, including targets of CAD 9.5 billion in sales and CAD 8 in earnings per share. The primary drivers of the expected improvement are market share gains, international growth, speed to market, and lean initiatives. BRP's outlook implies average annual sales growth of 7% and EPS growth of 33% between fiscal 2026 and 2028. This is ahead of our forecast for 4% sales and 28% EPS growth annually, which includes sales tempered by economic uncertainty and elevated lending rates. BRP's plan suggests significant market share gains, given our 1% industry sales forecast for the same period. New Fund Analyst Reports Mairs & Power Small Cap (MSCFX) has successfully come through a challenging period with its personnel, only to enter a performance drought. The strategy retains its best features, though, and it remains a promising long-term option. The Tools You Need to Invest Like an Analyst Stay connected:
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