Piper Sandler analyst Sumeet Mody raised the firm’s price target on Victory Capital to $38 from $35 and keeps an Overweight rating on the shares. The analyst views the shares as undervalued versus peers and expects Victory’s asset under management growth and margin expansion to materially improve when the economic and market uncertainty lifts.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on VCTR: