MSCI initiated with an Overweight at JPMorgan

JPMorgan analyst Alexander Hess initiated coverage of MSCI with an Overweight rating and $580 price target. The analyst views MSCI as a "quintessential" information services company providing critical data solution sets to the investment management profession. He’s impressed by the company’s "widely used" global and international equity benchmark indices and "unmatched" combination of scale and longevity in environmental, social, and governance and climate information.