Barclays lowered the firm’s price target on Victory Capital (VCTR) to $68 from $72 and keeps an Equal Weight rating on the shares as part of a Q3 preview for the asset managers. Assets under management estimates rose due to market appreciation in Q3, relative to Q2, though flow profiles were mostly negative, the analyst tells investors in a research note.
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Read More on VCTR:
- Victory Capital Reports Q3 AUM and Net Outflows
- Victory Capital reports AUM of $310.6B as of September 30
- Victory Capital price target raised to $69 from $67 at Morgan Stanley
- Victory Capital price target raised to $84 from $83 at BofA
- Victory Capital Holdings Extends Credit Agreement and Refinances Loans