JP Morgan Downgrades Voya Financial to Neutral, Maintains Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jimmy Bhullar has downgraded Voya Financial from Overweight to Neutral, while maintaining the price target at $87.
October 03, 2024 | 1:50 pm
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JP Morgan has downgraded Voya Financial from Overweight to Neutral, indicating a less bullish outlook. The price target remains at $87.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan suggests a less optimistic view on Voya Financial's stock performance. Although the price target remains unchanged, the downgrade could lead to a neutral to slightly negative short-term impact on the stock price as investors may reassess their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100