Citigroup Initiates Coverage On Ally Financial with Buy Rating, Announces Price Target of $50
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Keith Horowitz has initiated coverage on Ally Financial (NYSE:ALLY) with a Buy rating and set a price target of $50.
June 24, 2024 | 2:24 pm
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Citigroup analyst Keith Horowitz has initiated coverage on Ally Financial with a Buy rating and set a price target of $50.
The initiation of coverage with a Buy rating and a price target of $50 by a major financial institution like Citigroup is likely to positively impact Ally Financial's stock price in the short term. Such analyst ratings often influence investor sentiment and can lead to increased buying activity.
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