TD Cowen analyst Bill Katz raised the firm’s price target on Virtus Investment (VRTS) to $233 from $226 and keeps a Hold rating on the shares. The firm raised its estimates following its Q3 beat and noted management is making further strides to streamline the platform and bolster gross sales with changes likely to help stablize fee rates and drive operating leverage.
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Read More on VRTS:
- Virtus Investment price target raised to $212 from $207 at Barclays
- Virtus Investment reports Q3 adjusted EPS $6.92, consensus $6.80
- Virtus Investment Partners (VRTS) Q3 Earnings Cheat Sheet
- Virtus Investment price target raised to $217 from $208 at Morgan Stanley
- Virtus Investment price target raised to $207 from $206 at Barclays