Goldman Sachs Maintains Buy on Ally Financial, Raises Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Ryan Nash has reaffirmed a Buy rating on Ally Financial (NYSE:ALLY) and increased the price target from $33 to $37.
December 18, 2023 | 1:41 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Buy rating on Ally Financial and raises the price target to $37, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Ryan Nash from Goldman Sachs typically signals a strong conviction in the company's future performance and can lead to increased investor confidence. This positive endorsement is likely to influence market sentiment and could result in a short-term uptick in Ally Financial's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100