Morgan Stanley Maintains Underweight on Virtus Inv, Raises Price Target to $173
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 $159 to $173.
August 04, 2023 | 9:38 am
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NEGATIVE IMPACT
Morgan Stanley has maintained an Underweight rating on Virtus Inv and raised the price target from $159 to $173.
The Underweight rating maintained by Morgan Stanley suggests that they believe Virtus Inv's stock is expected to underperform compared to other stocks. However, the increase in price target from $159 to $173 indicates a positive outlook on the stock's future performance. The net impact is likely to be negative in the short term due to the Underweight rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100