UPDATE: Ameriprise Financial (AMP) PT Lowered to $330 at Morgan Stanley
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Get Alerts AMP Hot Sheet
Price: $493.60 --0%
Rating Summary:
9 Buy, 9 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 16
Rating Summary:
9 Buy, 9 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 16
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(Updated - April 26, 2022 9:06 AM EDT)
Morgan Stanley analyst Nigel Dally lowered the price target on Ameriprise Financial (NYSE: AMP) to $330.00 (from $335.00) after the company reported 1Q22 operating EPS of $5.98, ahead of the consensus of $5.86 after Advice and Wealth was impacted by market volatility while other divisions generally fared better.
The analyst reiterated an Equalweight rating, stating "Our price target declines by $5 to $330 to reflect lower peer multiples in our sum of the parts valuation approach."
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