Morgan Stanley lowered the firm’s price target on Virtus Investment to $208 from $213 and keeps an Underweight rating on the shares. After refreshing its model, the firm is lowering Q3, 2024 and 2025 adjusted EPS estimates, citing elevated compensation expense and softer management fees.
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Read More on VRTS:
- Virtus Investment reports Q2 adjusted EPS $6.53, consensus $6.61
- VRTS Upcoming Earnings Report: What to Expect?
- Virtus Investment reports total client assets of $176.2B as of June 30
- Virtus Investment price target lowered to $264 from $267 at Piper Sandler
- Virtus Investment price target lowered to $247 from $250 at TD Cowen