Morgan Stanley Upgrades Voya Financial (VOYA) to Overweight

Morgan Stanley analyst Bob Jian Huang upgraded Voya Financial (NYSE: VOYA) from Equalweight to Overweight with a price target of $87.00 (from $76.00).

The analyst comments: "Though 2024 full-year EPS of $7.25 fell short of guidance of $8.25-8.45, during 4Q24 earnings, management provide a sensible turnaround strategy that gives us conviction in Voya's long-term growth profile. Headwinds, particularly in Health Solutions, should abate, results should stabilize, and both EPS and ROE should inflect higher in the coming years. Further, the stock is currently trading below historical average, but is much less capital intensive. We believe the current valuation overly penalizes execution risks and does not fully reflect Voya's potential; upgrade from Equal-weight to Overweight."

For an analyst ratings summary and ratings history on Voya Financial click here. For more ratings news on Voya Financial click here.

Shares of Voya Financial closed at $70.50 yesterday.

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