Argus raised the firm’s price target on Ameriprise (AMP) to $582 from $560 and keeps a Buy rating on the shares. Ameriprise has generated solid revenue in recent quarters, driven by net inflows, the addition of experienced advisers, and growth at the Ameriprise Bank, partly offset by equity and fixed income volatility, the analyst tells investors in a research note. Based on its expectations for growth in Advice & Wealth Management, steady asset management and share repurchases, the firm is raising its 2025 EPS estimate to $38.84 from $38.47, Argus adds.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMP:
- Ameriprise price target raised to $570 from $560 at Keefe Bruyette
- Ameriprise Financial’s Earnings Call Highlights Robust Growth
- Ameriprise price target raised to $422 from $415 at Piper Sandler
- Ameriprise Financial Reports Strong 2024 Growth
- Ameriprise price target raised to $565 from $562 at Goldman Sachs