UBS Maintains Buy on Ameriprise Finl, Raises Price Target to $440
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Brennan Hawken has reaffirmed a Buy rating on Ameriprise Financial (NYSE:AMP) and increased the price target from $375 to $440, indicating a positive outlook on the company's stock.
January 09, 2024 | 3:35 pm
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UBS analyst Brennan Hawken maintains a Buy rating on Ameriprise Financial and raises the price target to $440, suggesting a bullish stance on the stock.
The increase in price target by a reputable analyst like Brennan Hawken from UBS typically signals a strong conviction in the company's future performance and growth potential. This can often lead to increased investor confidence and a potential rise in the stock price in the short term, as market participants may adjust their valuations based on the new information.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100