From MarketBeat:

Virtus Investment Partners (NASDAQ: VRTS) was downgraded by StockNews.com from “buy” to “hold” in a research note issued to investors. Morgan Stanley also increased their target price on shares and issued an “underweight” rating. The stock opened at $245.40 on Thursday, and the company had a 52-week low of $165.00 and a high of $248.23. The firm had revenue of $197.45 million in its latest earnings report and anticipates a yearly earnings per share of 21.88. A number of institutional investors recently bought and sold shares of the company. Virtus Investment Partners, Inc. is a publicly owned investment manager providing services primarily to individuals and institutions, including the launch of separate client-focused equity and fixed income portfolios. MarketBeat also noted top-rated analysts do not recommend the stock, suggesting five other stocks are better buys at the moment.



Read more: Virtus Investment Partners (NASDAQ:VRTS) Rating Lowered to Hold at StockNews.com