Morgan Stanley analyst Michael Cyprys assumed coverage of Ameriprise with an Equal Weight rating and price target of $383, up from $365. The analyst is bullish on growth in wealth management and sees Ameriprise’s “transformation story as an attractive play” in a $30 trillion U.S. advice industry. However, slower organic growth versus peers and lingering insurance risks drive the Equal Weight rating, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AMP:
- Ameriprise price target raised to $325 from $300 at Piper Sandler
- Ameriprise price target raised to $365 from $360 at Morgan Stanley
- Early notable gainers among liquid option names on October 26th
- Ameriprise reports Q3 adjusted EPS ex-unlocking $7.68, consensus $7.57
- AMP Earnings this Week: How Will it Perform?