Morgan Stanley Upgrades Victory Capital Holdings to Equal-Weight, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has upgraded Victory Capital Holdings (NASDAQ:VCTR) from Underweight to Equal-Weight and increased the price target from $40 to $60.
October 18, 2024 | 11:45 am
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Morgan Stanley has upgraded Victory Capital Holdings from Underweight to Equal-Weight, raising the price target from $40 to $60.
The upgrade from Underweight to Equal-Weight by a major financial institution like Morgan Stanley is likely to positively influence investor sentiment. The significant increase in the price target from $40 to $60 suggests a strong belief in the company's potential, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100