JPMorgan Upgrades Virtu Financial (VIRT) to Overweight
JPMorgan analyst Kenneth B. Worthington upgraded Virtu Financial (NASDAQ: VIRT) from Neutral to Overweight with a price target of $84.00.
The analyst comments "We are upgrading Virtu from Neutral to Overweight. We see Virtu as well positioned to grow its business, leveraging what we see as a greater opportunity set driven by product innovation and new product proliferation with greater capacity driven by retained earnings and growth in equity and trading capital. We see the potential for industry product innovation to increase Virtu's legacy product profitabiltiy as hedging and risk management opportunities increase."
For an analyst ratings summary and ratings history on Virtu Financial click here. For more ratings news on Virtu Financial click here.
Shares of Virtu Financial closed at $41.92 yesterday.