Morgan Stanley raised the firm’s price target on Victory Capital (VCTR) to $64 from $60 and keeps an Equal Weight rating on the shares. The firm’s FY25 adjusted EPS estimate is increased 8.2% to $6.05 on better management fees, partially offset by elevated comp, while its FY26 adjusted EPS view is being increased by 7.2% to $6.87 on “the same dynamics,” the analyst tells investors in a post-earnings note.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VCTR:
- Victory Capital’s Record Third-Quarter Earnings Shine
- Closing Bell Movers: Toast gains 19% afterhours after earnings beat
- Victory Capital reports Q3 adjusted EPS $1.35, consensus $1.30
- Victory Capital raises quarterly dividend 7% to 44c per share
- Victory Capital upgraded to Equal Weight from Underweight at Morgan Stanley