Morgan Stanley Maintains Underweight on Ally Financial, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Van Hees maintains an Underweight rating on Ally Financial (NYSE:ALLY) and raises the price target from $22 to $24.
July 21, 2023 | 1:10 pm
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NEGATIVE IMPACT
Morgan Stanley maintains an Underweight rating on Ally Financial and raises the price target from $22 to $24.
The Underweight rating maintained by Morgan Stanley indicates a negative outlook for Ally Financial. However, the increase in price target from $22 to $24 suggests that the analyst sees some potential for growth, albeit limited. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100