Morgan Stanley Keeps a Buy Rating on Ameriprise Financial (AMP)


Morgan Stanley analyst Nigel Dally maintained a Buy rating on Ameriprise Financial (AMP) today and set a price target of $150. The company’s shares closed yesterday at $113.44.

According to TipRanks.com, Dally is a 4-star analyst with an average return of 11.2% and a 57.5% success rate. Dally covers the Financial sector, focusing on stocks such as Brighthouse Financial Inc, Prudential Financial Inc, and Lincoln National Corp.

Ameriprise Financial has an analyst consensus of Strong Buy, with a price target consensus of $151.50, representing a 33.6% upside. In a report issued on January 2, Sandler O’Neill also upgraded the stock to Buy with a $120 price target.

.

See today’s analyst top recommended stocks >>

Ameriprise Financial’s market cap is currently $15.86B and has a P/E ratio of 9.76. The company has a Price to Book ratio of 2.82.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ameriprise Financial, Inc. operates as a holding company. The company provides financial planning, asset management and insurance services to individuals, businesses and institutions. It operates through five segments: Advice & Wealth Management; Asset Management; Annuities; Protection; and Corporate & Other.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts