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RBC Capital Raises its Price Target on Ameriprise Financial, Inc. (AMP) to $605 and Reiterates an Outperform Rating
Yahoo Finance· 2026-02-09 13:36
Core Viewpoint - Ameriprise Financial, Inc. is recognized as one of the 10 Most Profitable Undervalued Stocks to Buy, with analysts raising price targets following strong fourth-quarter earnings results [1][6]. Group 1: Analyst Ratings and Price Targets - RBC Capital analyst Kenneth Lee increased the price target for Ameriprise to $605 from $580, maintaining an Outperform rating after the fourth-quarter earnings report [1]. - Bank of America raised its price target to $660 from $642 and retained a Buy rating after updating its model post-earnings [2]. - Piper Sandler upgraded Ameriprise to Neutral from Underperform, increasing its price target to $530 from $434, citing easing headwinds and strong client flows [2]. Group 2: Financial Performance - Ameriprise reported fourth-quarter revenue of $4.96 billion, surpassing the consensus estimate of $4.74 billion [3]. - The quarter was characterized by robust client activity and strong inflows, leading to record revenue and earnings for both the quarter and the full year [3]. - The company's return on equity remains among the strongest in the industry, with over 100% of adjusted operating earnings returned to shareholders during the quarter [3]. Group 3: Company Overview - Ameriprise Financial operates as a diversified financial services company, providing financial planning and advice services to individual and institutional clients in the U.S. and internationally [4].