Ameriprise Financial (AMP) PT Raised to $601 at RBC Capital

RBC Capital analyst Kenneth Lee raised the price target on Ameriprise Financial (NYSE: AMP) to $601.00 (from $595.00) while maintaining a Outperform rating.

The analyst commented: "Some puts and takes in AMP's 2Q results, amid a qtr with significant volatility given tariff uncertainty. Focus on A&WM advisor comp expenses given competitive environment, though mgmt's outlook is only slightly higher than our previous assumption. We are lowering our G&A expense assumptions, given mgmt's guidance. We continue to favor the fundamentals within A&WM and the capital return story. Maintain Outperform rating and revising our PT to $601 (from $595)."

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