Morgan Stanley lowered the firm’s price target on Victory Capital (VCTR) to $64 from $68 and keeps an Equal Weight rating on the shares. Slower economic growth and prolonged uncertainty is seen pressuring fund flows and net asset values, notes the analyst, who cut 2025 and 2026 EPS estimates for the asset managers by 10% and 12%, respectively, reflecting the drawdown in financial assets through April 3. The firm sees additional downside risk if the market drawdown persists, the analyst added.
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Read More on VCTR:
- Victory Capital Completes Strategic Acquisition of Amundi US
- Victory Capital price target lowered to $87 from $89 at BofA
- Victory Capital reports total client assets $179.5B as of February 28
- Victory Capital price target raised to $89 from $88 at BofA
- Victory Capital reports AUM of $176.5B as of January 31, 2025
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