Virtu Financial price target raised to $35 from $31 at Morgan Stanley

Morgan Stanley analyst Michael Cyprys raised the firm’s price target on Virtu Financial (VIRT) to $35 from $31 and keeps an Underweight rating on the shares. The firm has become more selective the brokers and exchanges group citing normalized volatility and trading volumes. It prefers rates and credit franchises heading into the Q2 reports. The analyst still sees scope for inflation, interest rates, and tariffs to support rates and credit volumes.