B of A Securities Maintains Buy on Ally Financial, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained its Buy rating on Ally Financial but lowered the price target from $46 to $37.
September 11, 2024 | 11:11 am
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NEUTRAL IMPACT
B of A Securities has maintained its Buy rating on Ally Financial, indicating continued confidence in the stock. However, the price target has been lowered from $46 to $37, suggesting a more cautious outlook on its potential upside.
The maintenance of a Buy rating suggests confidence in Ally Financial's performance, but the lowered price target indicates a tempered expectation of its future stock price. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100