.jpg "MSCI Inc (NYSE: MSCI)")
Cantor Fitzgerald analyst Joseph Foresi maintained a Buy rating on MSCI Inc (NYSE: MSCI) today and set a price target of $182. The company’s shares opened today at $146.62.
Foresi said:
“. We maintain our Overweight rating on MSCI and lower our PT to $182 from $192. We continue to view the index business as a key catalyst that should produce solid top-line results (in the upper-single-to-low double digits). MSCI continues to experience strong growth in its index business and to realize margin expansion. We expect shareholders to benefit over the long term from growth in indexing, recent investments/reorganization, margin expansion, and capital allocation.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 17.8% and a 78.7% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.
MSCI Inc has an analyst consensus of Moderate Buy, with a price target consensus of $179.67.
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Based on MSCI Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $117 million. In comparison, last year the company had a net profit of $85.15 million.
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MSCI, Inc. engages in the provision of decision support tools, including indices, portfolio risk and performance analytics and corporate governance products and services. The company operates through the following business segments: Index; Analytics; Environmental, Social, and Governance; and Real Estate.
