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Analysts Offer Insights on Financial Companies: Cadence Bank (CADE), Ameriprise Financial (AMP) and Brown & Brown (BRO)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Cadence Bank (CADEResearch Report), Ameriprise Financial (AMPResearch Report) and Brown & Brown (BROResearch Report).

Cadence Bank (CADE)

In a report released yesterday, Jon Arfstrom from RBC Capital maintained a Hold rating on Cadence Bank, with a price target of $31.00. The company’s shares closed last Tuesday at $28.89.

According to TipRanks.com, Arfstrom is a 5-star analyst with an average return of 13.9% and a 54.3% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Provident Financial Services, and Old National Bancorp Capital.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cadence Bank with a $30.78 average price target, which is a 6.2% upside from current levels. In a report issued on April 8, Jefferies also maintained a Hold rating on the stock with a $29.00 price target.

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Ameriprise Financial (AMP)

RBC Capital analyst Kenneth Lee maintained a Buy rating on Ameriprise Financial yesterday and set a price target of $480.00. The company’s shares closed last Tuesday at $407.69.

According to TipRanks.com, Lee is a top 100 analyst with an average return of 17.0% and a 67.7% success rate. Lee covers the Financial sector, focusing on stocks such as MidCap Financial Investment Corporation, Blackstone Secured Lending Fund, and Sixth Street Specialty Lending.

Currently, the analyst consensus on Ameriprise Financial is a Moderate Buy with an average price target of $458.55, which is a 9.1% upside from current levels. In a report issued on April 8, Goldman Sachs also maintained a Buy rating on the stock with a $488.00 price target.

Brown & Brown (BRO)

In a report released yesterday, Scott Heleniak from RBC Capital maintained a Buy rating on Brown & Brown, with a price target of $95.00. The company’s shares closed last Tuesday at $82.93.

According to TipRanks.com, Heleniak is a 4-star analyst with an average return of 13.7% and a 74.6% success rate. Heleniak covers the Financial sector, focusing on stocks such as International General Insurance Holdings, American International Group, and Marsh & Mclennan Companies.

The word on The Street in general, suggests a Hold analyst consensus rating for Brown & Brown with a $88.88 average price target, which is a 7.6% upside from current levels. In a report issued on April 15, Citi also maintained a Buy rating on the stock with a $94.00 price target.

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