Morgan Stanley analyst Michael Cyprys raised the firm’s price target on Victory Capital to $40 from $39 and keeps an Underweight rating on the shares. The firm lowered its 2025 adjusted EPS estimate by 1.1% to $5.34 on lower management fees post-Q2 results, the analyst tells investors in a research note.
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Read More on VCTR:
- Victory Capital price target raised to $59 from $58 at BofA
- Victory Capital reports Q2 adjusted EPS $1.31, consensus $1.26
- Cognizant announces five-year strategic collaboration with Victory Capital
- Victory Capital price target lowered to $58 from $59 at BofA
- Victory Capital reports AUM of $168.7B as of June 30, 2024
