JP Morgan Upgrades Ally Financial to Overweight, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane has upgraded Ally Financial (NYSE:ALLY) from Neutral to Overweight, while lowering the price target from $46 to $40.
October 07, 2024 | 1:33 pm
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JP Morgan has upgraded Ally Financial to Overweight, indicating a positive outlook, but has lowered the price target to $40, suggesting some caution.
The upgrade to Overweight suggests a positive outlook on Ally Financial's stock, which could lead to a short-term price increase. However, the lowered price target to $40 indicates some caution, possibly due to market conditions or company-specific factors. Overall, the upgrade is likely to have a more immediate positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100