Morgan Stanley raised the firm’s price target on Victory Capital (VCTR) to $66 from $64 and keeps an Equal Weight rating on the shares. For the asset manager group, the firm raised Q4 EPS estimates by 0.7% on average, driven by higher asset under management levels given better markets and flows. The firm notes its forecasts are 5% above Q4 consensus estimates, but thinks it is likely consensus “has yet to mark to market” for the quarter.
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Read More on VCTR:
- Victory Capital Launches Largest Stock Buyback Program
- Victory Capital announces new $200M share repurchase program
- Victory Capital price target raised to $78 from $71 at BMO Capital
- Victory Capital reports AUM of $179.7B as of November 30, 2024
- Victory Capital price target raised to $79 from $72 at RBC Capital