Evercore ISI initiated coverage of MSCI with an Outperform rating and $690 price target naming it as the analyst’s top pick among business services and insurance brokers. MSCI’s Index recurring revenue growth should reaccelerate as the lagged impact of capital market appreciation results in a better selling environment in 2025, contends the analyst, who believes recent weakness in new recurring Index sales has been partly driven by the lagged impact of the 2022 equity market drawdown, which is now being lapped.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSCI:
- MSCI price target raised to $700 from $650 at Barclays
- Warner Bros. downgraded, Starbucks upgraded: Wall Street’s top analyst calls
- MSCI initiated with an Equal Weight at Wells Fargo