RBC Capital raised the firm’s price target on Ameriprise (AMP) to $550 from $535 and keeps an Outperform rating on the shares after its Q3 earnings beat. The management’s comments also suggest that 2025 G&A expenses could be flat y/y, including impact of severance expense, which would be slightly better than the firm’s previous assumption, the analyst tells investors in a research note.
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Read More on AMP:
- Ameriprise Financial reports Q3 adjusted EPS $9.02, consensus $8.92
- AMP Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Ameriprise price target raised to $502 from $440 at Morgan Stanley
- Ameriprise price target raised to $535 from $500 at RBC Capital
- Goldman downgrades Ameriprise to Neutral after year-to-date rally
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