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Fly News Breaks for September 3, 2019
VIRT
Sep 3, 2019 | 06:39 EDT
Following a period of restriction, JPMorgan analyst Kenneth Worthington reinstated coverage of Virtu Financial and upgraded the shares to Overweight from Neutral with a $23 price target. Following the 25% decline this year, the shares offer a potentially good risk/reward, Worthington tells investors in a research note. The analyst believes Virtu is on track for the "solid integration" of recently acquired ITG.
News For VIRT From the Last 2 Days
VIRT
Mar 26, 2024 | 05:11 EDT
Citi raised the firm's price target on Virtu Financial to $22.50 from $21 and keeps a Buy rating on the shares. The environment for Virtu has seen some improvement in Q1, as healthier retail activity, higher 605 data and continued momentum in crypto should provide some offset to low volatility levels, the analyst tells investors in a research note. The firm says that while the environment is still not ideal, it believes the company is well positioned to benefit from an improving fundamental environment and longer term as it continues to make progress on growth initiatives.