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Fly News Breaks for May 9, 2019
VOYA
May 9, 2019 | 08:53 EDT
RBC Capital analyst Mark Dwelle raised his price target on Voya Financial to $60 and kept his Outperform rating after its Q1 earnings beat, saying that while the retail investment management flows remained negative, the management discussed a "robust pipeline of new and generally higher fee products." The analyst is positive on the company's prospects for the back half of 2019 and believes that its retirement and investment management business thus far in 2019 has only been constrained by market effects.
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