Ameriprise price target raised to $410 from $385 at RBC Capital

RBC Capital analyst Kenneth Lee raised the firm’s price target on Ameriprise to $410 from $385 and keeps an Outperform rating on the shares after its Q2 earnings beat. The company’s Advice & Wealth Management Segment continues to benefit from rising rates as cash fee yields matched the firm’s estimates, the analyst tells investors in a research note. RBC remains positive on the strong fundamentals and the capital return story at Ameriprise.