Ameriprise price target raised to $595 from $565 at RBC Capital

RBC Capital analyst Kenneth Lee raised the firm’s price target on Ameriprise (AMP) to $595 from $565 and keeps an Outperform rating on the shares as part of a broader research note previewing Q2 results for the U.S. Asset Management industry. The firm cites compounding of AUM from strong market returns seen in Q2 but adding that it would lean towards names with non-US/global AUM exposure, given market returns and the potential for broadening of net flows longer term, the analyst tells investors in a research note.