Morgan Stanley raised the firm’s price target on Virtus Investment (VRTS) to $152 from $149 and keeps an Underweight rating on the shares. Following Q1 earnings, the firm is raising its FY25 adjusted EPS view by 5.0% to $24.08 and FY26 forecast 2.3% to $24.14 on better buybacks that offset lower management fees and higher expenses.
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