MSCI price target raised to $700 from $650 at Barclays

Barclays analyst Manav Patnaik raised the firm’s price target on MSCI to $700 from $650 and keeps an Overweight rating on the shares. The firm updated targets in the business and professional services group following its consumer conference. Companies issued cautious optimism around impending rate cuts and a generally resilient and still “employed” consumer base, the analyst tells investors in a research note.