Barclays raised the firm’s price target on Virtus Investment (VRTS) to $166 from $158 and keeps an Underweight rating on the shares. The firm updated asset manager models to reflect full quarterly flows and asset under management metrics. Assets rose due to market appreciation in Q4, though flow profiles were mostly negative, the analyst tells investors in a research note.
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Read More on VRTS:
- Virtus Investment price target lowered to $173 from $180 at TD Cowen
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