Morgan Stanley Maintains Underweight on Virtus Inv, Raises Price Target to $153
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has maintained an Underweight rating on Virtus Inv (NASDAQ:VRTS) and raised the price target from $150 to $153.
July 12, 2023 | 1:48 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Underweight rating on Virtus Inv and raised the price target from $150 to $153. This could potentially impact the stock's performance.
The Underweight rating maintained by Morgan Stanley suggests that they believe the stock will underperform the market or its sector in the short term. The slight increase in price target from $150 to $153 indicates a slightly more positive outlook, but overall, the Underweight rating could potentially lead to a negative impact on the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100