BUZZ - United Financial stock price declines after Bank of America downgraded its rating

October 19 - ** Wealth management firm Ameriprise Financial (AMP.N) shares fell 3.8% to $481.80

** BofA Global Research downgraded the stock from “Buy” to “Underperform”; target price was lowered from $570 to $445, representing 11% downside from the previous trading day's closing price

** The brokerage noted that the downgrade was due to client retention challenges, with Ameriprise Financial facing accelerating departures among large advisory teams

** BofA forecasts that, excluding incremental growth from the Huntington Bank acquisition, AMP’s employee headcount will turn negative by 2026; in 2027, its net new asset growth will lag behind LPL Financial (LPLA.O) and Raymond James (RJF.N)

** Of 16 brokerages, 7 rate the stock as “Buy” or higher, 8 as “Hold,” and 1 as “Sell”; the median target price is $560.50 — data compiled by LSEG

** As of the previous trading day's close, AMP shares have gained 2.1% year-to-date

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