Citi analyst Christopher Allen raised the firm’s price target on Virtu Financial to $20 from $18 and keeps a Neutral rating on the shares. The company reported a Q2 earnings beat, driven by better than expected market-making results in a difficult environment, the analyst tells investors in a research note. However, Citi prefers to wait on the sidelines pending more confidence on the trading/retail environment.
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Read More on VIRT:
- Virtu Financial reports Q2 adjusted EPS 37c, consensus 37c
- Virtu Announces Second Quarter 2023 Results
- VIRT Upcoming Earnings Report: What to Expect?
- Virtu Financial price target lowered to $20 from $22 at JPMorgan
- Virtu Financial to Host Conference Call Announcing Second Quarter 2023 Results on Wednesday, July 26, 2023