Goldman Sachs analyst Alex Scott downgraded Voya Financial to Neutral from Buy with an $82 price target. The analyst sees less potential for Wealth Solutions earnings expansion in 2024 given Voya’s higher floating rate bond allocation. The firm also sees a wider range of outcomes for the Health Solutions segment in 2024 due to the more volatile results from stop loss and potential repricing as well as the integration and earnings power of BenefitFocus.
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