Barclays analyst Benjamin Budish lowered the firm’s price target on Virtus Investment (VRTS) to $149 from $200 and keeps an Underweight rating on the shares. The firm updated asset manager models to reflect full quarterly flow and assets under management metrics. Estimates are generally coming down due to lower market movements, particularly in March, the analyst tells investors in a research note.
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Read More on VRTS:
- Virtus Investment reports preliminary March AUM of $167.5B
- Virtus Investment price target lowered to $158 from $220 at TD Cowen
- Virtus Investment price target lowered to $216 from $252 at Piper Sandler
- Virtus Investment price target lowered to $161 from $198 at Morgan Stanley
- Virtus Investment reports total client assets $176.7B as of February 28