Wells Fargo Maintains Underweight on Ally Financial, Raises Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Donald Fandetti has maintained an Underweight rating on Ally Financial (NYSE:ALLY) and increased the price target from $29 to $33.
April 10, 2024 | 4:05 pm
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NEUTRAL IMPACT
Wells Fargo maintains an Underweight rating on Ally Financial but raises the price target from $29 to $33.
The increase in price target from $29 to $33 by Wells Fargo suggests a slightly more positive outlook on Ally Financial's value, despite maintaining an Underweight rating. This could indicate that while the analyst sees some positive aspects or potential for Ally Financial, overall skepticism or concern about its performance relative to the market or sector persists. Investors might interpret this as a cautious signal, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100