Morgan Stanley lowered the firm’s price target on Virtus Investment (VRTS) to $112 from $128 and keeps an Underweight rating on the shares. Following Q1 results, the firm lowered its 2026 adjusted EPS forecast by 9.1% and 2027 view by 12.6% due to lower buybacks as the company prioritizes debt repayment.
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Read More on VRTS:
- Virtus Investment reports preliminary AUM of $154.8B as of April 30
- Virtus Investment price target lowered to $131 from $132 at TD Cowen
- Virtus Investment price target lowered to $170 from $180 at Piper Sandler
- Virtus Investment price target lowered to $125 from $128 at Barclays
- Virtus Investment Partners Balances Growth With Outflows