Virtu Financial price target raised to $37 from $32 at Citi

Citi raised the firm’s price target on Virtu Financial to $37 from $32 and keeps a Buy rating on the shares. The firm says the environment was “somewhat mixed” for Virtu in Q3. Healthy volatility was beneficial, but September is typically slower which could present some offset to the strength seen in July and early August, the analyst tells investors in a research note. However, Citi continues to believe the company is well positioned to benefit from an improving fundamental backdrop.