Goldman Sachs Elevates AMP Ltd (AMLTF) Rating to Buy with A$1.40 Target | AMLTF Stock News

5 days ago

In a recent analysis, Goldman Sachs has raised its rating for AMP Ltd (AMLTF, Financial) from Neutral to Buy, setting a price target at A$1.40. This upgrade comes as the investment firm notes positive developments with AMP Ltd's flow trends, which are described as stable to improving.

The decision to upgrade is also influenced by the stock's attractive valuation, suggesting potential for upside. AMP Ltd, known for its financial services, is witnessing favorable market conditions that have bolstered investor confidence, as indicated by this revision in rating.

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