Voya Financial price target lowered to $78 from $85 at Piper Sandler

Piper Sandler lowered the firm’s price target on Voya Financial to $78 from $85 and keeps an Overweight rating on the shares following quarterly results. These were challenged results as Health Solutions continues to normalize after over-earning for an extended period of time and one large plan surrender in Wealth Solutions and secular headwinds in Investment Management pressured flows, the firm says.