** Shares of wealth and investment company Voya Financial VOYA.N rise as much as 3.5%; last up 1.9% at $71.87
** Morgan Stanley upgrades VOYA to "overweight" from "equal-weight"; raises PT to $87 from $76, a 23.4% upside to stock's last close
** Brokerage says current valuation does not fully reflect VOYA's potential
** Adds that strategic initiates in 2025 should help VOYA meaningfully rebound from 2024
** Brokerage had downgraded VOYA to "equal-weight" in August amid concerns over deteriorating performance in its health solutions business
** Seven of 14 brokerages rate the stock "buy" or higher and seven "hold"; median PT is $81 - data compiled by LSEG
** As of last close, VOYA up 2.4% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.