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Fly News Breaks for January 3, 2017
VOYA
Jan 3, 2017 | 06:39 EDT
JPMorgan analyst Jimmy Bhullar downgraded Voya Financial to Underweight saying the risk/reward skews negative following the stock's outperformance in the second half of 2016. The analyst remains concerned about Voya's "subpar" return-on-equity. He raised his price target for the shares to $39 from $38.
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