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Fly News Breaks for January 6, 2020
VIRT
Jan 6, 2020 | 05:22 EDT
Goldman Sachs analyst Alexander Blostein downgraded Virtu Financial to Neutral from Buy with a price target of $15.50, down from $17.75. Current revenue conditions for Virtu "remain weak," pressuring the company's earnings and cash flows, Blostein tells investors in a research note. While trading conditions could change quickly, today's backdrop limits the company's near-to-medium term flexibility to pursue meaningful inorganic initiatives, adds the analyst.