Shares of Voya Financial (VOYA) surged 5.01% on Wednesday, outperforming the broader market rally as analysts expressed optimism about the insurance and retirement company's prospects.
The stock rally came after KBW issued a Buy rating on VOYA with a price target of $84, implying a significant upside potential from the current levels. Piper Sandler also maintained a Buy rating on the stock, citing favorable factors driving the company's growth.
J.P. Morgan, while keeping a Hold rating, maintained its price target and highlighted Voya's solid fundamentals, further fueling investor confidence in the stock.
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