Victory Capital Holdings, Inc. (VCTR) PT Raised to $56 at RBC Capital

RBC Capital analyst Kenneth Lee raised the price target on Victory Capital Holdings, Inc. (NASDAQ: VCTR) to $56.00 (from $47.00) while maintaining a Outperform rating.

The analyst comments "We are updating our estimates post 1Q. Focus remains on potential Amundi US transaction (definitive agreement expected by end of 2Q), where there is significant expense synergy potential and longer-term upside potential from nonUS distribution of VCTR products, not to mention significant increase in VCTR's AUM. We continue to favor VCTR's inorganic and organic growth potential and maintain our Outperform rating. Revising PT to $56 (from $47)."

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