Morgan Stanley Upgrades Ally Financial to Overweight, Raises Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck upgraded Ally Financial (ALLY) from Equal-Weight to Overweight and increased the price target from $37 to $47.

February 08, 2024 | 11:19 am
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Morgan Stanley upgraded Ally Financial to Overweight and raised the price target to $47.
Analyst upgrades, especially from reputable firms like Morgan Stanley, can significantly influence investor sentiment and stock prices. The upgrade from Equal-Weight to Overweight suggests a strong bullish outlook on Ally Financial by Morgan Stanley. Additionally, raising the price target from $37 to $47 indicates a positive reassessment of the company's value and growth prospects, likely leading to increased investor interest and potentially higher stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100