Flat EPS Growth, Valuation To Keep Virtu Financial Range bound: Citi

On April 15, Virtu Financial (VIRT) made its debut at the high end of its $17 to $19 initial public offering range, jumped above $20, and hasn’t looked back since. On Wednesday Citigroup’s William Katz initiated coverage of Virtu with a Neutral rating and a $22 price target, citing that the global liquidity provider’s post-IPO [...]