UBS assumed coverage of Victory Capital with a Neutral rating with a price target of $33, down from $36. Despite the company’s demonstrated inorganic growth strategy, its weak flows and uneven performance across multiple categories result in the firm’s “more cautious” valuation, the analyst tells investors in a research note.
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- Victory Capital reports AUM of $153.5B as of September 30
- Victory Capital price target lowered to $25 from $26 at Morgan Stanley
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- Victory Capital reports AUM of $161.9B as of August 31