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Fly News Breaks for June 5, 2018
MSCI
Jun 5, 2018 | 08:48 EDT
UBS analyst Alex Kramm raised his price target on MSCI to $187 from $173 after meeting with management. The analyst said the meeting reinforced his view that the company is positioned for outsized growth even as worries around pressures on active management and volatility weigh. He believes the combination of top-line growth backed by secular tailwinds, disciplined expense control and increased potential for capital returns will push the shares higher. Kramm reiterated his Buy rating on MSCI shares.
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