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Argus raised the firm’s price target on Ameriprise (AMP) to $582 from $560 and keeps a Buy rating on the shares. Ameriprise has generated solid revenue in recent quarters, driven by net inflows, the addition of experienced advisers, and growth at the Ameriprise Bank, partly offset by equity and fixed income volatility, the analyst tells investors in a research note. Based on its expectations for growth in Advice & Wealth Management, steady asset management and share repurchases, the firm is raising its 2025 EPS estimate to $38.84 from $38.47, Argus adds.
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