Virtus Investment Partners (NASDAQ:VRTS) Hits New 1-Year Low on Analyst Downgrade

Virtus Investment Partners, Inc. (NASDAQ: VRTS - Get Free Report) reached a new 52-week low during mid-day trading on Thursday after Morgan Stanley lowered their price target on the stock from $155.00 to $125.00. Morgan Stanley currently has an underweight rating on the stock. Virtus Investment Partners traded as low as $123.35 and last traded at