Wells Fargo analyst Seth Weber raised the firm’s price target on MSCI to $640 from $570 and keeps an Overweight rating on the shares. The firm cites strong Q2 beat, big rebound in share repo and upbeat tone with long-term ESG and Climate thesis intact while stabilizing retention, improving net new sales, and higher asset values all bode well.
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Read More on MSCI:
- Here’s What Supported MSCI Stock’s Stellar Q2 Performance
- MSCI price target raised to $650 from $600 at Barclays
- Early notable gainers among liquid option names on July 25th
- MSCI raises FY23 CapEx view to $80M-$90M from $75M-$85M
- MSCI reports Q2 adjusted EPS $3.26, consensus $3.11
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