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Ameriprise downgraded to Market Perform from Outperform at William Blair

William Blair downgraded Ameriprise (AMP) to Market Perform from Outperform. The firm cites the company’s moderating earnings growth prospects for the downgrade. Falling interest rates are pressuring Ameriprise’s core wealth management business, and this should continue when the Federal Reserve resumes easing, the analyst tells investors in a research note.

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