Analyst drops Michael Hill from coverage list
Morningstar says it lacks sufficient brand strength and cannot sustain excess returns over a long period.
Analyst Morningstar is dropping Michael Hill International [NZX: MHI] from the stocks it covers, saying the jeweller lacks sufficient brand strength to leverage pricing power.
Coverage on the jeweller will finish in January, as Morningstar thinks it no longer commands an economic moat, meaning it
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Calida Smylie
Thu, 19 Nov 2015
Thu, 19 Nov 2015
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Analyst drops Michael Hill from coverage list
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