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Fly News Breaks for October 14, 2016
AMP
Oct 14, 2016 | 06:02 EDT
Deutsche Bank analyst Yaron Kinar downgraded Ameriprise Financial to Hold saying the company has the greatest exposure among life insurers to third party asset management, where Kinar expects industry pressure relating to implementation of Department of Labor fiduciary rules. The analyst thinks net outflows will continue at least through year-end 2017. Kinar keeps a $112 price target for shares of Ameriprise.
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