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Fly News Breaks for August 7, 2019
VOYA
Aug 7, 2019 | 10:57 EDT
Morgan Stanley analyst Nigel Dally said he viewed Voya Financial's second quarter as "somewhat disappointing" after the company had been on a run of delivering strong EPS growth, solid ROE expansion and returning a substantial amount of capital to investors. However, most of the shortfall in core results in Q2 driven by adverse mortality, which should be temporary in nature, said Dally. He trimmed his price target on Voya shares to $64 from $66 but keeps an Overweight rating on the stock.
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