Morgan Stanley Maintains Underweight on Virtus Inv, Raises Price Target to $159
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 $153 to $159.
July 25, 2023 | 12:59 pm
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Morgan Stanley has maintained an Underweight rating on Virtus Inv and raised the price target from $153 to $159.
The Underweight rating maintained by Morgan Stanley suggests that they expect Virtus Inv's stock to underperform compared to other stocks. However, the increase in price target from $153 to $159 indicates a slightly more positive outlook. This mixed signal could lead to uncertainty and potential short-term downward pressure on the stock.
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IMPORTANCE 80
RELEVANCE 100