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Fly News Breaks for January 8, 2019
VOYA
Jan 8, 2019 | 04:59 EDT
Goldman Sachs analyst Alex Scott upgraded Voya Financial to Buy while lowering his price target for the shares to $54 from $60. The company is well positioned to manage through the pullback in equity markets and still hit its targets of 10%-plus earnings growth, Scott tells investors in a research note. He believes Voya's expense initiatives should give it more flexibility than some peers when responding to asset under management declines, making its margins more durable.
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