Healthcare >> Analyst Interviews >> February 23, 2026

Life Science Tools Leaders Agilent, Danaher Trade Below Fair Value

Utterback, Julie
Julie Utterback, CFA, is a Senior Equity Analyst, Healthcare, for Morningstar. She focuses on medical technology and service companies. She covers managed care organizations including UnitedHealth, service providers like HCA, medical suppliers such as Baxter, and life sciences companies like Danaher. She is also the chairperson of the equity research team’s capital allocation methodology. Before joining Morningstar in 2005, Ms. Utterback was an equity analyst at State Farm Insurance for several years. Ms. Utterback started at Morningstar as an equity analyst in the health care industry and primarily covered medical technology companies, including orthopedic devices, medical equipment, and cardiac device firms. In 2010, she joined Morningstar’s credit research team, initiating coverage of the entire health care industry and generally helping the organization expand and maintain its credit coverage across many industries. She held that senior credit analyst role until April 2019, when she returned to the equity team to cover medical technology and service companies. Ms. Utterback holds a bachelor’s degree in finance from the University of Illinois Urbana-Champaign’s Gies College of Business. She also holds the Chartered Financial Analyst designation. Profile
Word count: 2,974

TWST: In the context of an introduction to your coverage, could you define the life sciences space, and discuss how it differs from the biotech or medtech