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MSCI price target raised to $650 from $545 at Wells Fargo

Wells Fargo analyst Jason Haas raised the firm’s price target on MSCI (MSCI) to $650 from $545 and keeps an Equal Weight rating on the shares. The firm notes MSCI delivered a strong Q1, with outperformance in net-new recurring subscription sales primarily driven by strength in Index. Management noted MSCI is trending towards the top-half of its expense guidance range and maintained their free cash flow guidance, Wells adds.

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