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Raymond James downgraded Voya Financial (NYSE:VOYA) stock to Market Perform from Strong Buy in a recent note as the stock has approached analyst Wilma Burdis’ $79 price target, leaving it with limited upside potential.
Shares of New York-based Voya (VOYA) changed hands at $75.57 at the time of writing, up 3.3% YTD and 9.7% Y/Y.
Elsewhere in her assessment, Burdis expects the company’s stop loss benefits ratios to return to the long-term target of 77%-80% in the second half of 2025. Still, she sees “risks over the next four quarters.”
“Near-term loss ratio trajectory could be worse than 2017-2018 results,” the analyst wrote in a note to clients. “We model for flat 2025 stop loss premiums due to repricing.”
RayJay’s Market Perform rate aligns with the SA Quant system rating of Hold and diverges from the average Wall Street analyst rating of Buy.
