BMO Capital Downgrades Ally Financial to Market Perform
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst James Fotheringham has downgraded Ally Financial (NYSE:ALLY) from Outperform to Market Perform, indicating a change in the firm's outlook on the company's stock.
January 10, 2024 | 10:06 am
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Ally Financial was downgraded by BMO Capital from Outperform to Market Perform, which may influence investors' perception and could potentially affect the stock's performance in the market.
Analyst ratings often influence market perception and can lead to short-term price movements. A downgrade from Outperform to Market Perform suggests that BMO Capital sees fewer upsides or increased risks, which could lead to a negative sentiment among investors and a potential decrease in stock price.
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