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Fly News Breaks for July 31, 2017
VRTS
Jul 31, 2017 | 06:59 EDT
As previously reported, Credit Suisse analyst Ari Ghosh upgraded to Outperform from Neutral following Q2 results. Over the last seven months, the company fundamentals and macro factors have improved, resulting in his 2018 outlook for positive net flows, large cash generation and solid margin and EPS growth, the analyst adds. Additionally, He believes the company's relative valuation is "very attractive." Ghosh also raised his price target on the shares to $147 from $141.
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