Keefe Bruyette lowered the firm’s price target on Voya Financial (VOYA) to $90 from $92 and keeps an Outperform rating on the shares as part of a Q4 life insurance preview. The firm lowered Q4 earnings estimates by 5% on average citing softer variable investment income, lower market returns, and unfavorable currency moves. It expects much of the focus this quarter to be on 2025 outlooks.
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Read More on VOYA:
- Voya Financial Projects Lower Q4 Investment Income
- Voya Financial price target lowered to $82 from $87 at JPMorgan
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- Voya Financial price target lowered to $90 from $95 at RBC Capital