Alert: Major Price Advance (11/6/24)-Ameriprise Financial Inc (NYSE: AMP).

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Ameriprise Financial Inc (NYSE: AMP) stock closed at $567.43 on 11/6/24 after a major increase of 10.4%. Moreover, unusually high trading volume at 186% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 9.9% during the last week.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be above the cost of capital, AMP is expected to continue to be a major Value Builder.

Ameriprise Financial has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ameriprise Financial has a slightly positive Appreciation Score of 68 and a good Power Rating of 79, and the Highest Value Trend Rating results.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

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