BMO Capital Maintains Outperform on Ally Financial, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst James Fotheringham has maintained an 'Outperform' rating on Ally Financial (NYSE:ALLY) but lowered the price target from $46 to $40.
October 19, 2023 | 4:02 pm
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NEUTRAL IMPACT
Ally Financial's price target has been lowered from $46 to $40 by BMO Capital, though the 'Outperform' rating is maintained.
The news is directly related to Ally Financial. While the 'Outperform' rating is maintained, the lowering of the price target might indicate a potential slowdown in the company's growth or a change in market conditions. This could have a neutral impact on the stock's price in the short term as the lowered target is balanced by the maintained positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100