Morgan Stanley Maintains Underweight on Virtus Inv, Raises Price Target to $170
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 $163 to $170.
October 30, 2023 | 2:48 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Morgan Stanley has maintained an Underweight rating on Virtus Inv and raised the price target from $163 to $170.
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 $163 to $170 indicates a slightly positive outlook. The net impact is likely to be negative in the short term due to the Underweight rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100