Oppenheimer Starts MSCI Inc. (MSCI) at Outperform

Oppenheimer analyst Owen Lau initiates coverage on MSCI Inc. (NYSE: MSCI) with a Outperform rating and a price target of $416.00.

The analyst comments "We look favorably upon MSCI's long-term prospects. Even though the company is widely known as one of the largest index providers in the world, subscription-based revenue actually makes up 75% of total company revenue. While we believe the AUM of ETFs linked to MSCI indexes has indirect impacts on subscription revenue, unless MSCI indexes are being replaced as benchmarks, the equity market's normal volatility has minimal impact on the retention rate of MSCI’s products. In our view, MSCI is an essential analytical provider to the investment industry, and is fully embedded in the investment selection and performance attribution process of investors worldwide."

For an analyst ratings summary and ratings history on MSCI Inc. click here. For more ratings news on MSCI Inc. click here.

Shares of MSCI Inc. closed at $348.16 yesterday.

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