Morgan Stanley analyst Michael Cyprys raised the firm’s price target on Ameriprise (AMP) to $394 from $383 and keeps an Equal Weight rating on the shares. In its Q4 preview for the Brokers & Exchanges, the firm argues “it’s too early to pivot away from the exchanges given mixed macro signals,” but adds that investors should “prepare to be nimble for idiosyncratic and attractive growth opportunities.” For now, the firm continues to prefer what it sees as the “defensive and durable growth” at Cboe Global Markets (CBOE) and Tradeweb Markets (TW), the analyst tells investors in the group preview 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 downgraded to In Line from Outperform at Evercore ISI
- 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