B. Riley analyst Randy Binner downgraded Victory Capital to Neutral from Buy with a price target of $60, up from $57, following a transfer of coverage. The firm is “broadly constructive” on asset managers but brought earnings in for several names and downgraded Victory Capital (VCTR) from Buy to Neutral. For mortgage real estate investment trusts, elevated Treasury and mortgage rates, as well as pockets of credit uncertainty for both commercial real estate and residential, have earnings moving lower across the group, and a downgrade on Ready Capital (RC) from Buy to Neutral. In select specialty finance, Riley remains bullish. Its top long ideas for 2025 are Abacus Life (ABL), Atlanticus Holdings (ATLC), and DigitalBridge (DBRG).
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Read More on VCTR:
- Victory Capital downgraded to Neutral from Buy at B. Riley
- Victory Capital price target raised to $66 from $64 at Morgan Stanley
- Victory Capital Launches Largest Stock Buyback Program
- Victory Capital announces new $200M share repurchase program
- Victory Capital price target raised to $78 from $71 at BMO Capital
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
