Investing
UBS Makes First Big 2016 Changes to Equity Focus List
February 5, 2016 11:35 am
Last Updated: January 13, 2020 1:34 pm
Ameriprise Financial
Ameriprise Financial provides a range of financial products and services in the United States and internationally. Its Advice & Wealth Management segment offers financial planning and advice, as well as brokerage services primarily to retail clients through its advisors. Its Asset Management segment provides investment advice and investment products to retail, high net worth and institutional clients through unaffiliated third party financial institutions and institutional sales force.
In recent years Ameriprise has recruited heavily from the top Wall Street firms ranks. But the UBS team feels that the technical view on the company is bearish.
Ameriprise Financial investors are paid a 1.7% dividend. The consensus price target is $116.10. The stock closed Thursday at $85.47, down almost 40% in the past year.
Anadarko Petroleum
Anadarko Petroleum operates through three segments. The Midstream segment provides gathering, processing, treating and transportation services to Anadarko and third-party oil, natural-gas and natural gas liquids (NGLs) producers, as well as owns and operates gathering, processing, treating, and transportation systems in the United States.
The Oil and Gas Exploration and Production segment explores for and produces natural gas, oil, condensate and NGLs. The Marketing segment markets oil, natural gas and NGLs in the United States; oil and NGLs internationally; and anticipated liquefied natural gas production from Mozambique.
This top stock is down a stunning 65% since May of 2015, and the UBS analysts again cite a bearish technical view as the reason for removal.
Anadarko shareholders are paid a 2.61% dividend. The consensus price target for the stock is $58.81. Shares closed Thursday at $41.36 apiece.
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