MSCI price target raised to $600 from $570 at Wells Fargo

Wells Fargo raised the firm’s price target on MSCI to $600 from $570 and keeps an Equal Weight rating on the shares. The stock has performed well on increased optimism that customer budgets will open up from better equity market performance, and while the firm agrees with the thesis in theory, Wells remains on the sidelines given that signs point to a still-challenged environment, the analyst tells investors in a research note.