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MSCI price target raised to $570 from $533 at Wells Fargo

Wells Fargo raised the firm’s price target on MSCI (MSCI) to $570 from $533 and keeps an Equal Weight rating on the shares. The firm notes MSCI delivered a Q3 beat, driven by strength in Index and Analytics. Management is bullish on the AI opportunity, viewing it as a lever to drive faster product innovation and internal cost efficiencies, which should free up capital for reinvestment.

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