Raymond James analyst Patrick O’Shaughnessy raised the firm’s price target on MSCI (MSCI) to $690 from $680 and keeps an Outperform rating on the shares ahead of Q4 results. Equity market performance during the quarter offered a boost to asset-based fees, while Raymond James thinks inflows into ETFs remained healthy as well. The firm told investors that MSCI still possesses traits that merit a premium valuation, including strong pricing power, proprietary/benchmark datasets and a secular tailwind from passive investing. Raymond James concluded the stock’s current valuation creates an “attractive” entry point and risk/reward.
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