Ameriprise price target raised to $506 from $504 at Jefferies

Jefferies raised the firm’s price target on Ameriprise to $506 from $504 and keeps a Buy rating on the shares. The analyst stays constructive on U.S. life insurance space, calling the environment for growth and returns “the most favorable we’ve seen in years.” In that context, companies and investors may need to revisit the capital deployment trade-off between buybacks and growth, adds the analyst, who favors growth.