MSCI - MSCI: Still Slightly Overvalued As It Starts To Show Weakness

2024-05-20 10:57:29 ET

Summary

• MSCI shares are down 15% from their January highs, underperforming the market.
• The company's reliance on non-index businesses and lack of major catalysts have contributed to its underperformance.
• Retail investors should not overlook the financial services sector, as companies like MSCI have the potential for outsized growth.
• The company's prospects remain unattractive at current levels.

MSCI Inc., ( MSCI ) a leading index and financial information provider, has seen its shares plummet by over 25% from their January highs, with the majority of the decline following the company's first-quarter results.

With the stock still down 9% year-to-date, MSCI significantly underperformed the market....

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