Goldman Sachs Maintains Buy Rating for Ally Financial: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has maintained its Buy rating for Ally Financial (NYSE:ALLY) and increased its price target from $31.00 to $35.00. Despite this, Ally Financial's shares have fallen by 3.64% over the last 24 hours, trading at $28.58 per share. Ally Financial, primarily focused on auto lending, has a diversified business model including auto insurance, personal loans, commercial loans, credit cards, and mortgage debt.
July 20, 2023 | 5:00 pm
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Despite Goldman Sachs maintaining a Buy rating and raising its price target for Ally Financial, the company's shares have fallen by 3.64% in the last 24 hours.
Goldman Sachs' maintained Buy rating and increased price target typically indicate a positive outlook for the company. However, Ally Financial's shares have fallen, suggesting that other market factors are influencing the stock's performance negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100