RBC Capital raised the firm’s price target on Ameriprise to $500 from $487 and keeps an Outperform rating on the shares after its Q2 earnings beat. The company continues to maintain tight expense discipline, and there could be potential for further efficiencies within the asset management business, the analyst tells investors in a research note. RBC continues to favor Ameriprise’s strong fundamentals in the Advice & Wealth Management segment business and the company’s capital-return story, the firm added.
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Read More on AMP:
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- Ameriprise price target raised to $487 from $480 at RBC Capital
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- Ameriprise price target lowered to $495 from $500 at UBS