Piper Sandler lowered the firm’s price target on Voya Financial (VOYA) to $84 from $91 and keeps an Overweight rating on the shares. The firm updated models in the insurance space as part of a Q4 life insurance preview. The life insurance sector screens as relatively more attractively valued as a group than prior periods, the analyst tells investors in a research note.
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Read More on VOYA:
- Voya Financial price target lowered to $90 from $95 at RBC Capital
- BofA downgrades Voya to Neutral on worsening medical stop-loss
- Voya Financial downgraded to Neutral from Buy at BofA
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