RBC Capital analyst Ashish Sabadra raised the firm’s price target on MSCI to $600 from $520 and keeps an Outperform rating on the shares. The company topped Q4 estimates with solid 13% organic subscription run-rate growth, and while its Analytics bookings and retention were negatively impacted, its Index and ESG index flows delivered robust growth despite a tough macro backdrop, the analyst tells investors in a research note.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on MSCI: