Morgan Stanley Maintains Equal-Weight on Ameriprise Finl, Raises Price Target to $400
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on Ameriprise Financial (AMP) and increased the price target from $394 to $400.
January 29, 2024 | 4:02 pm
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Morgan Stanley has maintained an Equal-Weight rating on Ameriprise Financial and raised the price target to $400, indicating a positive outlook on the stock.
The increase in price target by Morgan Stanley suggests a positive sentiment towards Ameriprise Financial's stock value in the short term. As price targets can influence investor expectations and stock prices, this adjustment is likely to be viewed favorably by the market, potentially leading to a modest increase in the stock price. However, since the rating remains at Equal-Weight, the impact may be moderate rather than significant.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100