Barclays analyst Benjamin Budish lowered the firm’s price target on Virtus Investment (VRTS) to $221 from $239 and keeps an Underweight rating on the shares as part of a Q4 preview for the brokers, asset managers and exchanges. The firm updated its asset manager models to reflect full quarterly flow and assets under management metrics. Estimates are generally coming down due to lower market performance across the quarter, the analyst tells investors in a research note.
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Read More on VRTS:
- Virtus Investment reports preliminary AUM of $175B as of December 31, 2024
- Virtus Investment price target raised to $228 from $224 at Morgan Stanley
- Virtus Appoints John Weisenseel to Board of Directors
- Virtus Investment reports preliminary November AUM $186.8B
- Virtus Investment price target raised to $239 from $212 at Barclays