Morgan Stanley analyst Toni Kaplan lowered the firm’s price target on MSCI to $615 from $671 and keeps an Overweight rating on the shares. The analyst views the post-earnings selloff in the shares as overdone, saying the company’s long-term story remains intact. Large bank consolidation and a difficult end market environment impacted key performance indicators, but Q1 “will be the trough” for MSCI, the analyst tells investors in a research note. The firm sees an attractive entry point for a “best-in-class” information services name with a long growth runway.
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