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Stock impact report

Michael Saylor's Strategy catches a break from MSCI, but analysts caution fight isn't over yet [Yahoo! Finance]

MSCI Inc (MSCI) 
Last msci inc earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.msci.com
Company Research Source: Yahoo! Finance
The move eases immediate pressure on companies like Strategy, which hold large amounts of bitcoin (BTC) on their balance sheets but don't directly operate in the blockchain sector. A formal exclusion from MSCI indexes could have pushed institutional investors to divest, reducing demand for the stock. Read more: Strategy surges 6% on MSCI decision not to exclude DATs from indexes Still, analysts say the development may not be the end of the story. “Consistent with what we've written previously, we are surprised by this clearly positive development,” wrote Lance Vitanza of TD Cowen. “What remains to be seen is whether this represents a victory for the defense or merely a stay of execution.” Vitanza rates MSTR stock a buy with a price target of $500, according to FactSet data. Benchmark's Mark Palmer, who is the top bull on the stock with a buy rating and $705 price target, saw the news as positive for the stock. “MSCI's decision represents a welcome reprieve for Strategy, and i Show less Read more
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