Victory Capital price target raised to $55 from $53 at BMO Capital

BMO Capital raised the firm’s price target on Victory Capital to $55 from $53 and keeps an Outperform rating on the shares. The company’s acquisition of Amundi U.S. is on strategy for Victory insofar it brings asset class and client diversification alongside distribution resources, the analyst tells investors in a research note. BMO adds that the transaction is additive and positions Victory for continued capital returns and acquisitions.