Barclays Believes MSCI Inc (NYSE: MSCI) Still Has Room to Grow

By Austin Angelo

In a report issued on May 3, Manav Patnaik from Barclays maintained a Buy rating on MSCI Inc (MSCIResearch Report), with a price target of $240. The company’s shares closed on Friday at $226.93, close to its 52-week high of $227.41.

According to TipRanks.com, Patnaik is a 5-star analyst with an average return of 12.3% and a 71.8% success rate. Patnaik covers the Services sector, focusing on stocks such as Emerald Expositions Events Inc, Thomson Reuters Corp, and ManpowerGroup Inc.

MSCI Inc has an analyst consensus of Moderate Buy, with a price target consensus of $221.25, representing a -2.5% downside. In a report issued on May 2, Cantor Fitzgerald also maintained a Buy rating on the stock with a $247 price target.

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The company has a one-year high of $227.41 and a one-year low of $134.28. Currently, MSCI Inc has an average volume of 605.6K.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.

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MSCI, Inc. engages in the provision of investment 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 (ESG); and Real Estate.