RBC Capital analyst Kenneth Lee raised the firm’s price target on Victory Capital to $56 from $47 and keeps an Outperform rating on the shares after its Q1 earnings beat. The company’s focus remains on potential Amundi U.S. transaction where there is significant expense synergy potential and longer-term upside potential from non-US distribution of Victory products along with a “significant increase” in its assets under management, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VCTR:
- Victory Capital reports Q1 adjusted EPS $1.25, consensus $1.21
- Victory Capital board authorizes 10% increase in quarterly dividend to 37c
- Victory Capital reports AUM of $163.6B as of April 30, 2024
- Victory Capital price target raised to $48 from $37 at UBS
- Victory Capital price target raised to $57 from $48 at B. Riley