MSCI downgraded to Sell from Neutral at Redburn Atlantic

Redburn Atlantic downgraded MSCI to Sell from Neutral with a price target of $470, down from $620. As earnings growth slowed in 2023, MSCI’s underperformance versus peers was notable, the analyst tells investors in a research note. Yet the stock’s current valuation implies the market is expecting the business to return to higher levels of growth as the cyclical backdrop improves, says the firm. Redburn Atlantic less convinced, saying rising competition and an increasing reliance on pricing for growth “give rise to concerns.”