Wells Fargo Maintains Underweight on Ally Financial, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Donald Fandetti has maintained an Underweight rating on Ally Financial and lowered the price target from $37 to $32.
September 26, 2024 | 2:56 pm
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Wells Fargo has maintained an Underweight rating on Ally Financial and reduced its price target from $37 to $32, indicating a bearish outlook.
The Underweight rating suggests that Wells Fargo expects Ally Financial to underperform relative to other stocks. The lowered price target from $37 to $32 indicates a negative outlook on the company's future performance, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100