tiprankstipranks
Victory Capital price target raised to $72 from $61 at RBC Capital
The Fly

Victory Capital price target raised to $72 from $61 at RBC Capital

RBC Capital raised the firm’s price target on Victory Capital (VCTR) to $72 from $61 and keeps an Outperform rating on the shares. The firm is updating its model after the company’s Q3 earnings beat while also incorporating its preliminary assumptions around the potential accretion related to pending Amundi U.S. transaction, the analyst tells investors in a research note. Victory Capital is well-positioned to take advantage of ongoing industry consolidation, RBC adds.

Don't Miss Our Christmas Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App