** Market maker Virtu Financial's VIRT.O shares fall 2% to $41.37 premarket
** BofA Global Research downgrades VIRT to "neutral" from "buy"; maintains PT of $43, which is still 2% upside to stock's last close
** Brokerage says it has become more concerned that volumes could experience meaningful decline in H2 2025
** Says it is particularly concerned with retail channel where volumes could fade following investor losses YTD
** Still, BofA is bullish on market makers long term, given they possess structural competitive advantages vs banks due to their technology and less burdensome regulatory treatment
** 3 of 9 brokerages rate VIRT stock "buy" or higher, 5 "hold" and 1 "sell"; median PT $43.50 - data compiled by LSEG
** As of last close, stock up 18.3% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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