Morgan Stanley Maintains Underweight on Virtus Inv, Raises Price Target to $199
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has maintained an Underweight rating on Virtus Investment Partners (VRTS) but increased the price target from $170 to $199.

January 19, 2024 | 8:18 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Underweight rating on Virtus Investment Partners but raises the price target from $170 to $199.
While the increase in price target from $170 to $199 could be seen as a positive signal, the Underweight rating suggests that Morgan Stanley's outlook on Virtus Investment Partners remains cautious. The higher price target may reflect an adjustment to market conditions or company valuation rather than a change in the fundamental outlook. Investors may view the price target raise as a mixed signal, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100