MSCI upgraded to Buy from Neutral at Redburn Atlantic

Redburn Atlantic upgraded MSCI to Buy from Neutral with a $680 price target The firm says MSCI “remains a high-quality business with the ability to drive long-term structural growth with well-managed reinvestment initiatives.” As cyclical headwinds clear, the company’s ability to drive higher returns than peers will once again become evident, particularly in an environment of higher asset prices, the analyst tells investors in a research note. Redburn believes MSCI will regain its premium valuation to the sector.