JPMorgan Chase Raises Price Target for Voya Financial to $109.00

JPMorgan Chase & Co. has raised its price target for Voya Financial (NYSE:VOYA) to $109.00, according to a research note issued on Tuesday.

The brokerage firm currently has a 'neutral' rating on the asset manager's stock, indicating a potential upside of 10.01% from the company's previous close.

This move follows several other analysts revising their price targets for Voya Financial in recent weeks, including Barclays and Evercore.

While JPMorgan Chase & Co.'s increased target suggests optimism about the company's future performance, it is worth noting that not all analysts share this view. Bank of America has reduced its target price on shares of Voya Financial from $72.00 to $70.00, citing concerns about the company's growth prospects.