TD Cowen analyst Bill Katz raised the firm’s price target on Virtus Investment to $285 from $283 and keeps an Outperform rating on the shares. The firm said while 4Q trends were uneven they think the company enters the year better as its gross sales set-up is likely more normalized redemptions along with a bit higher repurchase pacing.
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Read More on VRTS:
- Virtus Investment reports Q4 adjusted EPS $6.11, consensus $5.96
- VRTS Upcoming Earnings Report: What to Expect?
- Virtus Investment price target raised to $199 from $170 at Morgan Stanley
- Virtus Investment reports preliminary AUM of $172.3B as of December 31, 2023
- Virtus Investment to transfer listing to NYSE from Nasdaq
