Piper Sandler lowered the firm’s price target on Virtus Investment (VRTS) to $211 from $216 and keeps an Overweight rating on the shares. In conjunction with the firm’s industry note, Piper is adjusting its model to reflect the March AUM release and MTM through April 14. For Q1, the firm is decreasing its adjusted EPS estimate to $5.59 from $5.62.
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Read More on VRTS:
- Virtus Investment price target lowered to $149 from $200 at Barclays
- 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
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