Analysts Conflicted on These Financial Names: AMP (OtherAMLTF) and CION Investment Corp (CION)

Analysts have been eager to weigh in on the Financial sector with new ratings on AMP (AMLTF – Research Report) and CION Investment Corp (CION – Research Report).
Claim 70% Off TipRanks Premium
Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential
AMP (AMLTF)
Jefferies analyst Simon Fitzgerald maintained a Buy rating on AMP on March 13 and set a price target of A$1.50. The company’s shares closed last Thursday at $0.86.
According to TipRanks.com, Fitzgerald is a 1-star analyst with an average return of -0.5% and a 51.6% success rate. Fitzgerald covers the Financial sector, focusing on stocks such as Insurance Australia Group Limited, QBE Insurance Group Limited, and Computershare Limited.
Currently, the analyst consensus on AMP is a Strong Buy with an average price target of $1.20, which is a 33.4% upside from current levels. In a report issued on March 9, Jarden also maintained a Buy rating on the stock with a A$1.65 price target.
See the top stocks recommended by analysts >>
CION Investment Corp (CION)
Wells Fargo analyst Finian O’Shea maintained a Sell rating on CION Investment Corp on March 13 and set a price target of $7.00. The company’s shares closed last Friday at $6.55.
According to TipRanks.com, O’Shea is a 4-star analyst with an average return of 6.1% and a 55.9% success rate. O’Shea covers the Financial sector, focusing on stocks such as MidCap Financial Investment Corporation, Nuveen Churchill Direct Lending Corp., and Morgan Stanley Direct Lending Fund.
Currently, the analyst consensus on CION Investment Corp is a Moderate Sell with an average price target of $7.00.