MSCI price target lowered to $700 from $710 at Raymond James

Raymond James analyst Patrick O’Shaughnessy lowered the firm’s price target on MSCI (MSCI) to $700 from $710 and keeps a Strong Buy rating on the shares ahead of the company’s Q1 results. The March equity market downturn will likely be a headwind going forward, but strong inflows into linked ETF assets under management should boost Q1 asset-based fees, the analyst tells investors in a research note. The firm added that MSCI remains its top pick within the firm’s Information Services coverage.