Morgan Stanley Reiterates Underweight on Ally Financial, Maintains $22 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Van Hees has reiterated an Underweight rating on Ally Financial (NYSE:ALLY) and maintained a $22 price target.
July 13, 2023 | 1:24 pm
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Morgan Stanley has reiterated an Underweight rating on Ally Financial, maintaining a $22 price target.
The Underweight rating from Morgan Stanley suggests that they expect Ally Financial's stock to underperform compared to other stocks. This could potentially lead to a decrease in the stock's price in the short term. The maintained price target of $22 also indicates that the analyst does not foresee significant upside potential in the near future.
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IMPORTANCE 80
RELEVANCE 100