Ameriprise Financial falls after BofA downgrades stock
AMP•Ameriprise Financial shares fell 3.8% after BofA Global Research cut its rating to underperform from buy and lowered its price target to $445 from $570. BofA cited adviser departures and forecast headcount to turn negative in 2026, excluding the Huntington Bank win.
1. Downgrade and forecast
BofA Global Research downgraded Ameriprise Financial to underperform from buy and cut its price target to $445 from $570. The brokerage cited retention challenges and an acceleration in large adviser team departures. It forecasts headcount to inflect negative in 2026 excluding the Huntington Bank win, and net new assets to lag LPL Financial and Raymond James in 2027.
2. Analyst ratings
Seven of 16 brokerages rate Ameriprise shares buy or higher, eight rate them hold and one rates them sell. The median price target is $560.50.
