Morgan Stanley Maintains Underweight on Victory Capital Holdings, Raises Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has maintained an Underweight rating on Victory Capital Holdings (VCTR) but increased the price target from $26 to $28.
January 19, 2024 | 8:25 pm
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Morgan Stanley has reaffirmed its Underweight rating on Victory Capital Holdings while raising the price target from $26 to $28.
While the increase in price target could be seen as a positive signal, the reaffirmation of the Underweight rating suggests that Morgan Stanley's outlook on VCTR remains cautious. The mixed message may lead to a neutral short-term impact on the stock as the market digests both the positive and negative aspects of the analyst's view.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100