Morgan Stanley insists on listing Voya Financial as a "top pick stock".
Morgan Stanley reiterated its "overweight" rating on retirement, investment, and insurance company Voya Financial in a report released on Tuesday. Analyst Bob Jian Huang wrote, "Considering the company's short-term growth momentum and long-term growth prospects, Voya remains our top pick." Voya's stock price has already risen by 8% this year, but the 90-dollar target price given by this analyst still has 20% upside potential. The analyst added that the company's current valuation remains attractive, especially considering its long-term potential.
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