Morgan Stanley Maintains Overweight on Ally Financial, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Overweight rating on Ally Financial but has lowered the price target from $49 to $45.
September 11, 2024 | 11:30 am
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NEUTRAL IMPACT
Morgan Stanley has kept its Overweight rating on Ally Financial, indicating continued confidence in the stock, but has adjusted the price target downwards from $49 to $45, suggesting a more conservative outlook.
The Overweight rating suggests Morgan Stanley still sees potential in Ally Financial, but the lowered price target indicates a tempered expectation for growth. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100