BofA Securities analyst Craig Siegenthaler maintains $Virtu Financial (VIRT.US)$ with a buy rating, and adjusts the target price from $37 to $35.
According to TipRanks data, the analyst has a success rate of 67.8% and a total average return of 16.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Virtu Financial (VIRT.US)$'s main analysts recently are as follows:
The firm believes that most capital markets stocks face downside risks heading into Q3 reports due to persistently low interest rates and a slow recovery in deal activity. Despite the shift towards risk-on behavior spurred by the anticipation of faster rate cuts and stronger equity markets, sluggish deal activity continues to pose challenges for many alternative managers, with valuations perceived to be quite high. Additionally, traditional managers have seen organic growth weaken in the third quarter. Moreover, the low-interest-rate environment is seen as a significant threat to the earnings of many brokers and wealth managers. However, exchanges and trust banks are viewed as relative safe havens in the upcoming Q3 results.
Estimates and targets for exchanges are being revised to reflect intra-quarter data points, according to an analyst's Q3 preview note.
Note:
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