Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Via NBER, here’s a working paper from researchers Ming Gu, Siew Hong Teoh, David Hirshleifer and Shijia Wu: ...