Shares of Victory Capital Holdings Inc. (VCTR) surged over 5% on Friday, following positive actions from Wall Street analysts that boosted investor confidence in the asset management firm.
BMO Capital Markets maintained its Outperform rating on Victory Capital, indicating a continued bullish outlook on the company's prospects. This vote of confidence from a respected research firm likely contributed to the stock's upward momentum.
Additionally, Barclays raised its price target on Victory Capital to $69 from $59, reflecting a more optimistic valuation assessment. The higher target price implies potential further upside for the stock, attracting increased buying interest from investors.
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