AMERIPRISE FINANCIAL SERVICES (AMP) stock is expected to deviate a maximum of $11.19 from the average target price of $109.4 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $125 and the most muted being $98.
AMERIPRISE FINANCIAL SERVICES (AMP) : 5 analysts are covering AMERIPRISE FINANCIAL SERVICES (AMP) and their average rating on the stock is 1.9, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. AMERIPRISE FINANCIAL SERVICES (AMP) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Deutsche Bank maintains its rating on AMERIPRISE FINANCIAL SERVICES (NYSE:AMP). The global brokerage major raises the current price target from $106 per share to $112 per share. Analysts at the Deutsche Bank have a current rating of Buy on the shares. The rating by the firm was issued on July 28, 2016.
AMERIPRISE FINANCIAL SERVICES (NYSE:AMP): The stock opened at $101.49 on Thursday but the bulls could not build on the opening and the stock topped out at $101.71 for the day. The stock traded down to $99.34 during the day, due to lack of any buying support eventually closed down at $99.89 with a loss of -1.18% for the day. The stock had closed at $101.08 on the previous day. The total traded volume was 1,062,687 shares.
Ameriprise Financial, Inc. (Ameriprise Financial) is a holding company primarily engaged in business through its subsidiaries. Ameriprise Financial is a diversified financial services company that offers financial solutions to individual and institutional clients. The Company operates in four segments: Advice & Wealth Management, Asset Management, Annuities and Protection. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services, primarily to retail clients through advisors. The Asset Management segment provides investment advice and investment products to retail, high net worth and institutional clients on a global scale through Columbia Management and Threadneedle. The Annuities segment provides variable and fixed annuity products of RiverSource Life companies to individual clients. The Protection segment offers a variety of products to address the protection and risk management needs of retail clients.