Voya Financial price target lowered to $83 from $84 at Piper Sandler

Piper Sandler analyst John Barnidge lowered the firm’s price target on Voya Financial to $83 from $84 and keeps an Overweight rating on the shares. The company’s Q2 earnings beat was driven by Health over-earning and return to inflows in Wealth, but this was overshadowed by Investment Management being in outflow driven by institutional, the analyst tells investors.