Keefe, Bruyette and Woods Upgrades MSCI Inc (MXB) to Outperform
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Keefe, Bruyette and Woods upgrades MSCI Inc (NYSE: MXB) to Outperform. Price target $28.
Keefe analyst says, "MSCI's revenues and earnings depend on the health of global capital markets, cross-border investment trends, growth in the investment management industry and ETFs. Any prolonged downturn could adversely impact the demand for many of the company's products and impact its financial performance. Competition in many of the company's businesses remains intense and several newer players have recently stepped in to select product areas, particularly ETFs. Moreover, given the premium valuation multiple, the stock faces relatively greater downside risk should the operating environment continue to be challenging over an extended period."
MSCI Inc. (MSCI) is a provider of investment decision support tools to investment institutions worldwide.
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