Credit Suisse Starts Virtu Financial (VIRT) at Underperform

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UBS Raises Price Target on Virtu Financial (VIRT) After Adjusting NTI Forecasts

July 14, 2015 9:23 AM EDT

UBS reiterates a Buy rating on Virtu Financial (NASDAQ: VIRT), and raises the price target to $26.00 (from $25.00), after adjusting NTI forecasts to reflect 2Q market volumes. Analyst Alex Kramm increases UBS's FY15e EPS estimates on VIRT to $1.38 from $1.35.

Kramm commented, "After adjusting our NTI forecasts to... More