Evercore ISI's Rating Change Only Had Short-term Impact, MSCI Up 3.6% (MSCI)
A week ago, Evercore ISI downgraded MSCI from Hold to Sell. The stock closed at $83.00, which is 3.6% higher than the price one week ago ($80.10).
MSCI (NASDAQ:MSCI) is currently priced 13.9% above its average consensus analyst price target of $71.50. The stock should discover initial support at its 50-day moving average (MA) of $72.85 and subsequent support at its 200-day MA of $67.52.
SmarTrend is tracking the current trend status for MSCI and will alert subscribers who have MSCI in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst reflections