Victory Capital price target lowered to $59 from $75 at Barclays

Barclays lowered the firm’s price target on Victory Capital (VCTR) to $59 from $75 and keeps an Equal Weight rating on the shares. The firm updated asset manager models to reflect full quarterly flow and assets under management metrics. Estimates are generally coming down due to lower market movements, particularly in March, the analyst tells investors in a research note.