UBS Lifts Price Target on Ameriprise Financial (AMP), Thesis Intact

Analyst at UBS maintained a Buy rating on Ameriprise Financial Inc. (NYSE: AMP) and boosted their price target to $69 from $60.

"Outlook on asset management remains mixed. Retail flows are likely to remain challenged by the environment and asset allocation bias favoring fixed income over equities. Return to positive U.S. retails flows is critical," commented an analyst.

"Our investment thesis of upside potential from an improving macro environment with downside protection from aggressive capital management remains intact," said the report.

For an analyst ratings summary and ratings history on Ameriprise Financial click here. For more ratings news on Ameriprise Financial click here.

Shares of Ameriprise Financial closed at $57.45 yesterday.

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