Keefe Bruyette lowered the firm’s price target on Ameriprise (AMP) to $560 from $565 and keeps a Market Perform rating on the shares as part of a Q4 life insurance preview. The firm lowered Q4 earnings estimates by 5% on average citing softer variable investment income, lower market returns, and unfavorable currency moves. It expects much of the focus this quarter to be on 2025 outlooks.
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