UBS raised the firm’s price target on Victory Capital to $48 from $37 and keeps a Neutral rating on the shares. The memorandum of understanding to combine with Amundi U.S. scales Victory’s global distribution resources and fixed income, but accretion from the deal is priced in, the analyst tells investors.
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Read More on VCTR:
- Victory Capital price target raised to $57 from $48 at B. Riley
- Victory Capital price target raised to $55 from $53 at BMO Capital
- Victory Capital Announces Strategic Integration with Amundi US
- Amundi to be combined into Victory Capital in exchange for 26.1% stake
- Victory Capital reports March AUM $170.3B vs. $164.9B in February