Ameriprise upgraded to Neutral from Underweight at Piper Sandler

Piper Sandler analyst John Barnidge upgraded Ameriprise (AMP) to Neutral from Underweight with a price target of $530, up from $434. The company’s “many headwinds” since Q3 of 2024 look to be “somewhat receding,” the analyst tells investors in a research note. Piper says Ameriprise’s Q4 report shows wealth management margin stability and strong flows. Concerns around an increasingly competitive advisor recruitment environment “were put to rest,” the analyst tells investors in a research note.