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BUZZ-Voya Financial rises after Morgan Stanley upgrades to 'overweight'

ReutersFeb 28, 2025 6:58 PM

Shares of wealth and investment company Voya Financial VOYA.N rise as much as 3.5%; last up 1.9% at $71.87

Morgan Stanley upgrades VOYA to "overweight" from "equal-weight"; raises PT to $87 from $76, a 23.4% upside to stock's last close

Brokerage says current valuation does not fully reflect VOYA's potential

Adds that strategic initiates in 2025 should help VOYA meaningfully rebound from 2024

Brokerage had downgraded VOYA to "equal-weight" in August amid concerns over deteriorating performance in its health solutions business

Seven of 14 brokerages rate the stock "buy" or higher and seven "hold"; median PT is $81 - data compiled by LSEG

As of last close, VOYA up 2.4% YTD

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