Goldman Sachs Adds Ameriprise Financial (AMP) to Conviction Buy List

Goldman Sachs is adding Ameriprise Financial (NYSE: AMP) to Conviction Buy List with a $75 price target, suggesting 25% upside.

The firm said, "given Ameriprise’s continued business mix shift toward capital-light asset/wealth management businesses, improving margins amid the Columbia integration and a significant buyback opportunity, we see a clearer path to upside."

Ameriprise replaced T. Rowe Price (Nasdaq: TROW) on the Conviction Buy list.

For more ratings news on Ameriprise Financial click here and for the rating history of Ameriprise Financial click here.

Shares of Ameriprise Financial closed at $61.20 yesterday.

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