ING U.S. upgraded to Buy at Deutsche

Analyst Yaron Kinar notes several catalysts, but the main one is $2 per share of DTA allowance to become available thanks to the recent domesticization of VOYA's VA subsidiary. There's also yesterday's cutting of parent ING's stake below 50% - improving liquidity and taking VOYA one step closer to eligibility to join the S&P 500. Finally, the just-announced $300M buyback should boost ROE.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs