UBS Keeps Buy Rating on MSCI with $655 Price Target

On Wednesday, May 21, UBS reiterated a “Buy” rating and a price target of $655 for MSCI Inc. (NYSE:MSCI).

UBS analyst Alex Kramm shared insights from a recent investor meeting with the company’s CFO, Andy Wiechmann. MSCI Inc.’s (NYSE:MSCI) management had a generally optimistic outlook.

The discussion highlighted that the environment is getting better for the company, especially noting a shift in asset allocation. More investors are moving towards global markets and away from the US market. Despite the optimism, some market uncertainty was still acknowledged, which makes it difficult to predict exactly when the company’s financial position will improve.

Kramm noted that growing client confidence is a key driver for better performance ahead. MSCI Inc.’s (NYSE:MSCI) new projects are also expected to help the company grow. The company is focused on key areas like private assets and climate-related products.

The analyst is confident that MSCI Inc. (NYSE:MSCI) can reaccelerate its growth. However, Kramm also noted that investors may want to see clearer proof of the company’s progress before fully committing to the stock.

MSCI Inc. (NYSE:MSCI) is a leading provider of critical investment decision support tools and services. Serving the global investment community, the company specializes in research, data, and technology. It enables better investment decisions by helping clients understand and analyze key drivers of risk and return.

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Disclosure: None.