RBC Capital Maintains Outperform on Ally Financial, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jon Arfstrom maintains an Outperform rating on Ally Financial but lowers the price target from $49 to $40.
September 12, 2024 | 12:21 pm
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NEUTRAL IMPACT
RBC Capital continues to rate Ally Financial as Outperform, indicating confidence in the company's performance, but has reduced the price target from $49 to $40, suggesting a more cautious outlook.
The maintained Outperform rating suggests continued confidence in Ally Financial's performance, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company-specific factors. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100