Wells Fargo Maintains Underweight on Ally Financial, Raises Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Donald Fandetti has maintained an Underweight rating on Ally Financial (NYSE:ALLY) but increased the price target from $26 to $29.

January 22, 2024 | 1:07 pm
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Wells Fargo analyst Donald Fandetti maintains an Underweight rating on Ally Financial but raises the price target from $26 to $29.
The increase in price target from $26 to $29 by Wells Fargo suggests a slightly more positive outlook on Ally Financial's stock value, despite maintaining an Underweight rating. This could lead to a neutral short-term impact as the market digests the mixed signals of a maintained Underweight rating with an increased price target.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80