Deutsche Bank Initiates Coverage On Ally Financial with Buy Rating, Announces Price Target of $47
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Meng Jiao has initiated coverage on Ally Financial (NYSE:ALLY) with a Buy rating and set a price target of $47.

January 10, 2024 | 11:11 am
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Deutsche Bank analyst Meng Jiao initiated coverage on Ally Financial with a Buy rating and a price target of $47.
Analyst ratings, especially from major banks like Deutsche Bank, can influence market perception and investor confidence. A Buy rating combined with a price target that suggests significant upside from the current trading price is likely to be viewed positively by investors. This could lead to a short-term increase in the stock price as the market reacts to the new coverage and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100