Victory Capital price target raised to $70 from $69 at Barclays

Barclays raised the firm’s price target on Victory Capital (VCTR) to $70 from $69 and keeps an Equal Weight rating on the shares as part of a Q4 preview for the brokers, asset managers and exchanges. The firm updated its asset manager models to reflect full quarterly flow and assets under management metrics. Estimates are generally coming down due to lower market performance across the quarter, the analyst tells investors in a research note.