Virtu Financial price target raised to $24.50 from $22.50 at Citi

Citi raised the firm’s price target on Virtu Financial to $24.50 from $22.50 and keeps a Buy rating on the shares. The company reported solid Q1 results, as better volumes and improvements in quoted spread values relative to Q4 helped offset lower volatility, the analyst tells investors in a research note. The firm says trading activity has been holding in to start Q2 and realized volatility picked up.