Ameriprise (AMP +15%) shoots higher after what looks like a Q3 miss becomes in-line once...
Thursday, October 27, 2011, 2:04 PM ETAmeriprise (AMP +15%) shoots higher after what looks like a Q3 miss becomes in-line once writedowns are stripped away. Sterne Agee highlights stock buybacks of $447M as well above estimates, while net outflows from the Columbia fund business weren't as bad as feared. The firm raises EPS forecasts for 2012 and 2013, and the stock price target to $60 from $59.
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