Victory Capital price target raised to $84 from $78 at RBC Capital

RBC Capital raised the firm’s price target on Victory Capital (VCTR) to $84 from $78 and keeps an Outperform rating on the shares after its Q4 earnings beat. The firm still sees an “expansive opportunity set” for potential M&A, and the management’s comments suggest Victory could pick up the pace of share buybacks in the meantime, the analyst tells investors in a research note.