Morgan Stanley lowered the firm’s price target on Virtus Investment (VRTS) to $125 from $155 and keeps an Underweight rating on the shares. The firm leans cautious in the near-term on traditional asset managers, as it sees more downside risk to its estimates despite expectations for modest Q1 beats, the analyst tells investors in a preview for the group.
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Read More on VRTS:
- Virtus Investment reports reports February AUM $155.9B
- Virtus Expands into Private Markets with Keystone Acquisition
- Virtus Investment reports January AUM $158.4B
- Virtus Investment price target lowered to $142 from $166 at Barclays
- Virtus Investment price target lowered to $155 from $173 at TD Cowen