JP Morgan Downgrades Virtu Finl to Neutral, Lowers Price Target to $19
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Kenneth Worthington has downgraded Virtu Financial (NASDAQ:VIRT) from Overweight to Neutral and lowered the price target from $20 to $19.
July 27, 2023 | 11:52 am
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Virtu Financial's rating has been downgraded by JP Morgan from Overweight to Neutral, with a reduced price target of $19.
The downgrade by JP Morgan, a major financial institution, could negatively impact investor sentiment towards Virtu Financial. The lowered price target suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure.
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