UPDATE: UBS Downgrades MSCI Inc. (MSCI) to Neutral
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Price: $581.51 --0%
Rating Summary:
22 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 2 | Down: 5 | New: 14
Rating Summary:
22 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 2 | Down: 5 | New: 14
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(Updated - March 25, 2014 1:27 PM EDT)
UBS downgraded MSCI Inc. (NYSE: MSCI) from Buy to Neutral with a price target of $46 (unchanged).
Analyst Alex Kramm said, "MSCI shares have almost doubled since the Vanguard-driven sell-off in late 2012. We continue to like the business and see prospects for accelerating growth following last week's first-ever investor day. That said, with margins coming down in the near term and payback on new spending still uncertain, we believe investors will demand more visibility into accelerating growth before the shares can move significantly higher. As a market-sensitive stock with exposure to emerging markets, we also see increased market risk at this valuation. Emerging market funds continue to see relentless outflows, which have now lasted for a record 21 straight weeks."
For an analyst ratings summary and ratings history on MSCI Inc. click here. For more ratings news on MSCI Inc. click here.
Shares of MSCI Inc. closed at $44.44 yesterday.
UBS downgraded MSCI Inc. (NYSE: MSCI) from Buy to Neutral with a price target of $46 (unchanged).
Analyst Alex Kramm said, "MSCI shares have almost doubled since the Vanguard-driven sell-off in late 2012. We continue to like the business and see prospects for accelerating growth following last week's first-ever investor day. That said, with margins coming down in the near term and payback on new spending still uncertain, we believe investors will demand more visibility into accelerating growth before the shares can move significantly higher. As a market-sensitive stock with exposure to emerging markets, we also see increased market risk at this valuation. Emerging market funds continue to see relentless outflows, which have now lasted for a record 21 straight weeks."
For an analyst ratings summary and ratings history on MSCI Inc. click here. For more ratings news on MSCI Inc. click here.
Shares of MSCI Inc. closed at $44.44 yesterday.
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