Victory Capital price target raised to $43 from $40 at RBC Capital

RBC Capital raised the firm’s price target on Victory Capital to $43 from $40 and keeps an Outperform rating on the shares. The company reported a better than expected Q4, while the management remains optimistic on potential for clients to re-risk/re-allocate, even though the movement may depend on rate stabilization, the analyst tells investors in a research note. RBC adds that the firm continues to favor Victory Capital’s inorganic and organic growth potential.