MSCI price target lowered to $570 from $611 at UBS

UBS analyst Alex Kramm lowered the firm’s price target on MSCI to $570 from $611 and keeps a Buy rating on the shares. While the near-term slowdown in ESG growth is not a total surprise, it is certainly disappointing as the segment has been supporting outsized growth and a premium valuation, but UBS believes that the structural opportunity set in ESG is well intact and that climate remains in the infancy stage and could represent an even larger opportunity, the analyst tells investors in a research note.