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Fly News Breaks for December 20, 2019
VOYA
Dec 20, 2019 | 08:47 EDT
RBC Capital analyst Mark Dwelle raised his price target on Voya Financial to $68 and kept his Outperform rating after the company's announced plans to sell its run-off lice insurance unit. The analyst says the transaction moves Voya Financial further in its efforts to be an "asset-light, highly efficient" life insurer, adding that while it turns 2020 into a "transition year", he sees its longer-term return on equity as "attractive" at current valuation.
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