B. Riley raised the firm’s price target on Victory Capital (VCTR) to $82 from $74 and keeps a Buy rating on the shares. The firm sees the company’s platform benefitting from a larger fixed income, large-cap equity, and global equity product set post the Amundi merger. Victory’s growth profile should support a premium valuation relative to peers, the analyst tells investors in a research note.
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Read More on VCTR:
- Victory Capital price target raised to $67 from $66 at Morgan Stanley
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