Evercore ISI downgraded Ameriprise to In Line from Outperform with a price target of $400, up from $385. Ameriprise was among the best performers in the sector in 2023 and the firm sees the Fed pivot likely causing some margin headwinds in its wealth business by 2025 / 2026 as it estimates cash related spread earnings are now running at over 50% of the segment’s profitability.
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 the top stocks recommended by analysts >>
Read More on AMP:
- Ameriprise upgraded to Buy from Neutral at Goldman Sachs
- Nike downgraded, Waste Management upgraded: Wall Street’s top analyst calls
- Ameriprise assumed with an Equal Weight at Morgan Stanley
- Ameriprise price target raised to $325 from $300 at Piper Sandler
- Ameriprise price target raised to $365 from $360 at Morgan Stanley