Morgan Stanley Maintains Equal-Weight Rating for Ameriprise Finl: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Equal-Weight rating on Ameriprise Financial (NYSE:AMP) and increased its price target from $360.00 to $365.00. Ameriprise Financial's shares are slightly up, and the new target suggests a potential 6.44% upside. The company, with $1.3 trillion in assets under management, generates 80% of its revenue from asset and wealth management, and has reduced its insurance exposure.

November 15, 2023 | 5:00 pm
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Morgan Stanley reaffirms Equal-Weight on Ameriprise Financial, raises price target to $365. AMP's focus on asset management and reduced insurance exposure are key factors.
The increase in price target by Morgan Stanley is a positive signal to investors, suggesting confidence in Ameriprise Financial's growth potential. The company's strategic focus on asset and wealth management, which is a steady revenue source, along with the reduction in insurance exposure, is likely to be viewed favorably by the market. The analyst's rating and target price can influence investor sentiment and potentially lead to a short-term increase in the stock price.
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