MSCI price target raised to $665 from $580 at Argus

Argus raised the firm’s price target on MSCI to $665 from $580 and keeps a Buy rating on the shares after its Q4 earnings beat. The stock stands to benefit over time from global GDP growth, the increased popularity of passive investment strategies, and the development of ESG and climate-based investing in developed and emerging economies, the analyst tells investors in a research note. Looking ahead, Argus sees low double-digit EPS growth, multiple expansion, and share price appreciation as MSCI continues to expand in its target markets.