UBS Maintains Neutral on Virtu Finl, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Alex Kramm has maintained a Neutral rating on Virtu Financial (NASDAQ:VIRT) and reduced the price target from $20 to $18.
January 26, 2024 | 5:15 pm
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NEGATIVE IMPACT
UBS has maintained a Neutral rating on Virtu Financial and lowered the price target from $20 to $18, indicating a potential downside or limited upside.
The reduction in price target by UBS reflects a more conservative valuation of Virtu Financial, which could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100