Ameriprise price target raised to $420 from $410 at RBC Capital

RBC Capital raised the firm’s price target on Ameriprise to $420 from $410 and keeps an Outperform rating on the shares ahead of its Q4 results. Investors are expected to focus on any signs of AMP‘s A&WM clients re-allocating cash to risk assets or wrap accounts, the analyst tells investors in a research note, adding that the firm will be listening in for any updated outlook on G&A expenses across the segments for this year, especially given expense efficiency efforts within asset management, the analyst tells investors in a research note.