RBC Capital analyst Mark Dwelle raised the firm’s price target on Voya Financial (VOYA) to $91 from $87 and keeps an Outperform rating on the shares. The companies Q1 results were better than expected, though the firm is revising its stop-loss loss ratios upwards, the analyst tells investors in a research note. RBC adds that it remains positive on Voya Financial’s capital-light, high free cash flow generating business model and organic growth opportunity.
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