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Intertek: Finally Back on Track

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After more than a year of relatively underwhelming results, narrow-moat Intertek ITRK has finally delivered something the market is excited about. Organic revenue rose by a very solid 6.5% in the first four months of the year. Having recently upgraded our forecasts and our GBX 5,700 fair value estimate, we see material upside from the prevailing share price.

The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.

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About the Author

Michael Field

Europe Market Strategist
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Michael Field, CFA, is the Europe market strategist for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. Leveraging research from Morningstar's European equity team, he creates broader insights and effectively communicates these to clients.

Before joining Morningstar in 2015, Field was an equity analyst on the global research team at Close Brothers Asset Management, where he was responsible for the energy, materials, and utilities sectors. He previously worked as a generalist with the firm for four years. Before that, Field was a fixed-income analyst for National Australia Bank in Melbourne.

Field holds a bachelor's degree in finance from University College Cork and a master's degree in quantitative finance from the University of Limerick. He also holds the Chartered Financial Analyst® designation.

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