Morgan Stanley upgraded MSCI to Overweight from Equal Weight with a price target of $600, up from $526. With the challenging equity market backdrop, the analyst is focusing on quality going into 2024 in the business and education services sector. The firm cites MSCI’s defensive characteristics and growth opportunities for the upgrade. It prefers “resilient growers that trade at reasonable prices,” such as MSCI, going into 2024. Morgan Stanley made the company its top pick.
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