Morgan Stanley Comments On EXBD's "Attractive" Business Model

In a report on Corporate Executive Board Co. EXBD, Morgan Stanley said that it believes the company “has an attractive business model, and if top-line growth continues to accelerate, the company should generate strong free cash flow.” “Ongoing investments may inhibit short-term margin expansion, but should pay-off over the long-term,” Morgan Stanley writes. “Valuation remains more attractive than best practices peer company, ABCO, though expectations are higher for ABCO's future growth.” Corporate Executive Board closed Monday at $40.26.