Barclays analyst Benjamin Budish raised the firm’s price target on Victory Capital (VCTR) to $69 from $59 and keeps an Equal Weight rating on the shares post the Q3 report. The firm says that while net outflows persisted, management noted several large, not-yet funded mandates to come in Q4 and early fiscal 2025, while the the Amundi transaction is still expected to close in Q1 of next year.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- 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