JPMorgan analyst Andrew Steinerman lowered the firm’s price target on MSCI to $630 from $670 and keeps an Overweight rating on the shares. The firm raised revenue estimates for the ratings agencies as it expects a strong Q1 for ratings. However, the rest of the year is an “open question,” the analyst tells investors in a research note.
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: