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Fly News Breaks for March 2, 2020
VIRT
Mar 2, 2020 | 07:32 EDT
Compass Point analyst Christopher Allen upgraded Virtu Financial to Buy from Neutral with a $21 price target. Virtuis a "clear defensive play" as the company benefits from higher volumes amidst the market volatility, Allen tells investors in a research note. The analyst calls Virtu the "safest port in the storm."
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.