Morgan Stanley lowered the firm’s price target on Ameriprise to $440 from $444 and keeps an Equal Weight rating on the shares. Post Q2 earnings, the firm lower its 2024 EPS estimate by 1.4% to $34.92 on softer management fees and cut its 2025 EPS view by 2.5% to $37.30 primarily due to higher share count with less buybacks.
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Read More on AMP:
- Ameriprise Financial reports Q2 adjusted EPS $8.72, consensus $8.53
- Ameriprise Financial Services (AMP) Q2 Earnings Cheat Sheet
- Ameriprise price target raised to $487 from $480 at RBC Capital
- Ameriprise price target raised to $506 from $504 at Jefferies
- Ameriprise price target lowered to $495 from $500 at UBS
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