MSCI Inc. (NYSE: MSCI) has completed its acquisition of First Street, a leading provider of physics-based climate risk data and analytics. The transaction integrates First Street’s coverage of more than 2.4 billion structures worldwide into MSCI’s portfolio, enhancing the firm’s physical climate risk capabilities for global investors and corporates.

The acquisition was initially announced on June 24, 2026. By combining First Street’s granular data with MSCI’s existing climate solutions, the company aims to enable clients to better understand evolving risk exposures and incorporate those insights directly into financial decision-making processes.

Strategic Integration

Richard Mattison, Head of Sustainability and Climate at MSCI, stated that the completion of the acquisition allows the firm to strengthen its physical climate risk capabilities. He noted that integrating First Street’s data enables clients to monitor how their risk exposures are evolving.

"By integrating First Street’s data into our existing climate solutions, we are strengthening our physical climate risk capabilities to enable clients to better understand how their risk exposures are evolving and incorporate that directly into financial decision making," Mattison said.

Market Impact

The acquisition expands MSCI’s ability to serve asset managers, insurers, banks, and corporates with more detailed physical climate risk assessments. First Street’s physics-based models provide data across more than 2.4 billion structures, offering a comprehensive view of potential climate-related impacts on assets.

About MSCI

MSCI Inc. strengthens global markets by connecting participants across the financial ecosystem with a common language. The company provides research-based data, analytics, and indexes supported by advanced technology, setting standards for global investors. Its clients include asset managers, private-market sponsors, hedge funds, wealth managers, banks, insurers, and corporates.

Wells Fargo analyst Jason Haas maintained an Overweight rating on MSCI but lowered the price target to $690 from $700. This adjustment follows a similar revision by Evercore ISI Group, which reduced its target to $722 from $746 while keeping an Outperform rating. Investors should consider these revised targets alongside other market perspectives when assessing MSCI's valuation.

Rating and Target Details

Jefferies analyst Surinder Thind has a price target of $760 with a Buy rating. Barclays analyst Manav Patnaik previously set a target of $735 with an Overweight rating. The revised targets from Wells Fargo and Evercore ISI Group reflect specific reassessments, while other firms maintain their projections based on MSCI's business outlook.