Analyst Michael Cyprys of Morgan Stanley maintained a Sell rating on Virtus Investment Partners, boosting the price target to $173.00.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Michael Cyprys has given his Sell rating due to a combination of factors influencing Virtus Investment Partners. Despite a slight increase in adjusted earnings per share and a modest rise in the price target, the overall outlook remains cautious. The company is expected to benefit from improved interest income and management fees, along with a reduction in share count due to planned buybacks. However, these positive aspects are overshadowed by broader market conditions and potential challenges in achieving sustainable growth.
Cyprys’s analysis suggests that while there are some positive developments, they may not be sufficient to drive significant long-term value for investors. The valuation, based on the target EV/EBITDA multiple, indicates limited upside potential, which contributes to the Sell rating. Investors are advised to consider these factors carefully in the context of their broader investment strategy.
In another report released yesterday, Barclays also maintained a Sell rating on the stock with a $175.00 price target.