Morgan Stanley upgraded Voya Financial (VOYA) to Overweight from Equal Weight with a price target of $87, up from $76. The company’s strategic initiatives in 2025 should help Voya “meaningfully rebound” from 2024 and set up an attractive growth profile in 2026 and beyond, the analyst tells investors in a research note. The firm has confidence in management’s ability to navigate integrations, investments, and segment improvements, which it believes should uplift Voya’s capital generation. The company is poised for longer-term growth after recent headwinds, contends Morgan Stanley.
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