RBC Capital Reiterates Outperform on Ally Financial, Maintains $40 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jon Arfstrom has reiterated an Outperform rating on Ally Financial (NYSE:ALLY) and maintained a $40 price target on the company's stock.
January 22, 2024 | 5:29 pm
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RBC Capital analyst Jon Arfstrom reaffirmed an Outperform rating and a $40 price target for Ally Financial, indicating a positive outlook for the stock.
The reiteration of an Outperform rating by a major analyst like RBC Capital suggests a positive sentiment towards Ally Financial's stock. The maintained price target of $40 indicates that the analyst believes the stock has the potential to reach or exceed this level in the short term, which could influence investor confidence and potentially drive the stock price upward.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100