MSCI price target lowered to $530 from $532 at Wells Fargo

Wells Fargo lowered the firm’s price target on MSCI (MSCI) to $530 from $532 and keeps an Equal Weight rating on the shares. The firm sees risk skewed to the downside ahead of the company’s Q1 earnings. Wells models net new below Street and expects a more cautionary tone from management as market volatility weighs on the business.