Piper Sandler Maintains Overweight on Virtus Inv, Lowers Price Target to $265
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Crispin Love maintains an Overweight rating on Virtus Investment Partners (VRTS) but lowers the price target from $275 to $265.

April 29, 2024 | 1:02 pm
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Piper Sandler maintains an Overweight rating on Virtus Investment Partners but reduces the price target from $275 to $265.
The adjustment in price target by Piper Sandler reflects a slight change in valuation expectation for Virtus Investment Partners, though the Overweight rating indicates continued confidence in the company's performance. The reduction in price target might cause short-term concern among investors, but the maintained Overweight rating suggests underlying strength in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100