UPDATE: Ameriprise Financial (AMP) PT Lowered to $330 at Morgan Stanley

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."

You May Also Be Interested In

• Jefferies Downgrades Xior Student Housing NV (XIOR:BB) to Hold
• Azzas 2154 SA (AZZA3:BZ) PT Lowered to R$30 at Jefferies
• Spirax Group PLC (SPX:LN) (SPXSY) PT Lowered to GBP84 at UBS