Morgan Stanley analyst Toni Kaplan raised the firm’s price target on MSCI (MSCI) to $662 from $640 and keeps an Overweight rating on the shares after its Q3 earnings beat. The company reported solid results amid difficult end market conditions, and while the firm sees headwinds remaining in the near-term, it is turning “cautiously optimistic” on improvement in FY25, the analyst tells investors in a research note. Morgan Stanley adds that it sees an “attractive entry point” for this best-in-class Info Services stock, even though MSCI is taking a cautious approach to 2025 given the end market pressures over the last 2 years.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSCI:
- MSCI expects to be toward higher end of expense guidance range for FY24
- MSCI sees elevated cancellation activity, longer sales cycles continuing in NT
- MSCI reports Q3 adjusted EPS $3.86, consensus $3.77
- MSCI raises 2024 CapEx view to $105M-$115M from $95M-$105M
- MSCI Inc (MSCI) Q3 Earnings Cheat Sheet