Morgan Stanley Maintains Underweight on Virtus Inv, Raises Price Target to $163
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 $162 to $163.
October 23, 2023 | 1:57 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an Underweight rating on Virtus Inv and raised the price target from $162 to $163.
The news is directly about Virtus Inv and is likely to impact its stock price. However, the price target increase is minimal, suggesting that Morgan Stanley's view on the stock hasn't significantly changed. Therefore, the impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100