Barclays raised the firm’s price target on Virtus Investment (VRTS) to $239 from $212 and keeps an Underweight rating on the shares. The macro backdrop looks constructive going into 2025 for the brokers, asset managers and exchanges, the analyst tells investors in a research note. The firm is increasingly constructive on the alternative asset managers, where an “unleash” of transacting has been growing and looks set to happen, and brokers, where it sees healthy earnings growth opportunities.
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Read More on VRTS:
- Virtus Investment price target raised to $274 from $264 at Piper Sandler
- Virtus Investment Partners reports preliminary AUM of $179.4B
- Virtus Investment price target raised to $233 from $226 at TD Cowen
- Virtus Investment price target raised to $212 from $207 at Barclays
- Virtus Investment reports Q3 adjusted EPS $6.92, consensus $6.80