Barclays analyst Manav Patnaik raised the firm’s price target on MSCI to $700 from $600 and keeps an Overweight rating on the shares. The company’s net new subscription was better than feared largely due to Analytics/Index and, combined with strong margin, led to a nice beat, the analyst tells investors in a research note. The firm says the good results “beat back bearish sentiment.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MSCI:
- MSCI Inc Subsidiary Guarantors Discharged from Obligations
- MSCI Inc Announces New Off-Balance Sheet Financial Obligation
- MSCI Inc. Secures $1.25 Billion Revolving Credit Facility
- MSCI tells Bloomberg short seller’s report ‘false, misleading, incomplete’
- MSCI down 2% at $532.75 after ‘strong sell’ opinion by Spruce Point Capital