Raymond James Downgrades Ally Financial to Underperform
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst David Long has downgraded Ally Financial (NYSE:ALLY) from Market Perform to Underperform, indicating a negative outlook on the company's stock.
January 05, 2024 | 2:23 pm
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Ally Financial has been downgraded by Raymond James from Market Perform to Underperform, suggesting that the analyst sees potential downside in the stock's performance.
Downgrades by analysts can lead to a negative perception among investors and potentially result in a decrease in stock price. The downgrade from Market Perform to Underperform by a reputable analyst at Raymond James could influence market sentiment and cause short-term price decline for Ally Financial.
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