Index provider MSCI's MSCI.N shares rise 2.4% to $562.90
Raymond James upgrades MSCI to "strong buy" from "outperform"; says the firm is top pick within its information services coverage
Brokerage says sales momentum has positively inflected and MSCI faces very limited AI risks
Adds that MSCI and its CEO are putting their money where their mouth is by ramping up share repurchases and insider buying
"MSCI now trades only marginally above the market multiple, and we view the risk/reward as highly attractive" — Raymond James analyst Patrick O'Shaughnessy
15 of 19 brokerages rate the stock "buy" or higher, 3 "hold" and 1 "sell"; median PT $695 — data compiled by LSEG
As of last close, MSCI stock down 4.1% YTD