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Fly News Breaks for November 8, 2019
VIRT
Nov 8, 2019 | 06:16 EDT
UBS analyst Alex Kramm downgraded Virtu Financial to Neutral from Buy with a price target of $17, down from $21. The analyst says the company is making progress in its transition, but the stock is constrained by the "unfavorable" industry environment.
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.