Piper Sandler raised the firm’s price target on Virtus Investment (VRTS) to $274 from $264 and keeps an Overweight rating on the shares. The firm is adjusting its model to reflect the October AUM release and mark to market through November 21. Since the election, Virtus is up 13%, which Piper believes is driven by market strength and its small cap focus that could drive an improvement in flows.
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Read More on VRTS:
- 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
- Virtus Investment Partners (VRTS) Q3 Earnings Cheat Sheet
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
