BMO Capital Maintains Market Perform on Ally Financial, Raises Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst James Fotheringham has maintained a 'Market Perform' rating on Ally Financial (NYSE:ALLY) and increased the price target from $36 to $37.
January 23, 2024 | 1:17 pm
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BMO Capital analyst James Fotheringham has reaffirmed Ally Financial's 'Market Perform' rating and raised the price target to $37, indicating a potential upside from the previous target.
The increase in price target by BMO Capital suggests a positive outlook on Ally Financial's stock, potentially leading to a short-term increase in its stock price. The 'Market Perform' rating indicates that the stock is expected to perform in line with the market, but the raised target implies a slight optimism about the company's prospects.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100