Wolfe upgrades MSCI on better backdrop heading into 2025

Wolfe Research upgraded MSCI (MSCI) to Outperform from Peer Perform with a $700 price target The firm sees a more constructive demand environment next year for MSCI. A better financial services and capital markets outlook in 2025 should bring more consistent sales trends and fewer cancellations in MSCI’s segments such as Analytics, the analyst tells investors in a research note. Wolfe believes another positive year for markets can provide a tailwind for the company’s index asset-based fees revenue and sees continued growth in custom indices helping to re-accelerate its index subscription growth.