Piper Sandler raised the firm’s price target on Virtus Investment to $267 from $265 and keeps an Overweight rating on the shares. The firm notes that since its last MTM update in late April, broader markets are up nearly 5%, leading it to increase its forward estimates 2%-3% benefiting from performance with partial offsets by flow headwinds.
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Read More on VRTS:
- Virtus Investment Partners Shareholders Endorse Board and Equity Plan
- Virtus Investment reports April AUM of $170.1B vs. $179.3B last month
- Virtus Investment price target raised to $250 from $245 at TD Cowen
- Virtus Investment price target lowered to $265 from $275 at Piper Sandler
- Virtus Investment reports Q1 adjusted EPS $5.41, consensus $5.41